HSBC North America Holdings’ Business Solutions Group, the commercial arm of the company’s Retail Services business, has entered into a strategic alliance to acquire the consumer and commercial credit receivables of OfficeMax, one of the leading office supply retailers in the United States.
“Our ability to provide customized business payment solutions allows our clients to focus […]
NEW YORK, Aug 9 (Reuters) - A federal appeals court ruled that Bank of America Corp., HSBC Holdings Plc and Sterling Bancorp must defend against a lawsuit related to a lawyer’s Ponzi scheme that defrauded Orthodox Jews and others out of millions of dollars. A three-judge panel of the U.S. Second Circuit Court of […]
A friend of predatory lender Household International and HSBC Representative Bob Ney, an Ohio Republican entangled in the corruption scandal centered on the former lobbyist Jack Abramoff, announced Monday that he would abandon his bid for re-election. The Justice Department has signaled for months that criminal charges against Mr. Ney, and possibly other […]
Nick White, the head of personal finance for uSwitch.com, has branded the new cashback loan from HSBC a “phantom offer” for many borrowers. The unique offer is intended to reward ‘loyal’ loans customers who borrow from the bank and keep to the original terms and conditions of the loan, specifically the length of the […]
June 28 (Bloomberg) — An employee of HSBC Holdings Plc’s Indian unit was arrested in Bangalore and accused of helping a group illegally withdraw 233,000 pounds ($424,747) from bank customers’ accounts, according to a police official. Nadeem Kashmiri, a 24-year-old employee of HSBC Electronic Data Processing (India) Private Ltd., was charged with hacking […]
The following evolved into a dedicated page. Read “The HSBC Killzone” to see how this evolved.
A question often asked by those harmed and hurt by HSBC is how they determine who to hurt financially. Early in the investigation one could not determine if people were targeted by their credit scores. Common sense […]
Found on the net:
“About the HSBC Center for Consumer Advocacy: HSBC’s financial education grant program is managed by the Center for Consumer Advocacy, established in 2003 to manage the company’s financial education and housing programs and community outreach initiatives. The center also awards grants to educational institutions and maintains the personal financial education web […]
In a recent press release HSBC said:
“HSBC was the first international bank in the UAE to present its UAE national employees working in the Network Service Centre with ‘My Vision - challenges in the race for excellence,’ book written by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister of UAE and […]
NEW YORK, June 19 - Standard & Poor’s on Monday raised its ratings on HSBC Holdings Plc. and its subsidiaries, citing greater diversification earnings, and stabilization of its consumer finance business. “The upgrade of holdings reflects the increasingly strongly diversified earnings profile and global reach of the well-managed HSBC group, and the reduced […]
NEW YORK (Reuters) - The chief of HSBC Holdings’s U.S. retail banking unit said on Monday he would prefer to expand existing businesses, including branches, rather than pay elevated market prices to grow by acquisition.
Martin Glynn, who runs HSBC Bank USA, also said his unit is faring about as well as big U.S. banks […]
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An open letter to HSBC, Knight Vinke and Stephen Green
We monitor customer trends for possible violations of Regulation Z and other possible illegal actions.
We use your individual HSBC complaints and merchant complaint reports to perform trend analysis.
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