Household HSBC Watch

HONG KONG: Mimi Monica Wong, the HSBC banker who won a judgment against two Latin dance teachers in Hong Kong, will get less than half of the interest originally awarded, a High Court judge ruled Thursday.

The judge, Gerard Muttrie, cut the interest in the settlement to 4.6 million Hong Kong dollars, or $597,400, from 9.5 […]

As those of us here at Household - HSBC Watch predicted years ago Representative Bob Ney of Ohio has finally fallen from grace. Rep. Robert Ney (R-OH) accepted thousands of dollars in gambling chips from a businessman who wanted help selling U.S. airplane parts to prohibited countries.

That charge is one of […]

MUMBAI, NEW DELHI, AUG 14: The position of HSBC India CEO, Naina Lal Kidwai, 49, as the bank’s boss now hangs in balance, with the Reserve Bank of India asking her to step down from the global board of Nestle SA. The RBI has withheld approval of Kidwai as HSBC CEO until she quits […]

NEW YORK — The U.S. arm of HSBC Holdings PLC said it will shuffle its senior management team, including replacing the head of its retail banking unit.

Martin Glynn, the 55-year-old chief executive of the U.S. retail bank, will retire at the end of the year, after 24 years with HBSC, the company said Monday.
His replacement […]

The PNC Financial Services Group Inc., based in Pittsburgh, reported a 10.18% passive stake in HSBC USA Inc.

According to documents filed with the Securities and Exchange Commission, PNC owns 1.3 million shares of the U.S. subsidiary of London-based HSBC Holdings PLC.
Investors who hold shares just for passive investment purposes and do not influence the […]

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 […]

ATLANTA — Saks Fifth Avenue has a new blueprint, and chief executive officer Stephen Sadove is ready to build it. Sadove, presiding over his first shareholders meeting since becoming Saks Inc. CEO in January, said here on Wednesday that the retailer will target a core customer who is 45 to 48 years old, seek […]

Will HSBC buy Charles Schwab? Former HSBC Chairman William F. Aldinger is on the board of directors at Charles Schwab. As former CEO of predatory lender Household International Aldinger moved to HSBC when HSBC bought Household in 2002. Some analysts think HSBC has an insider at Schwab with Aldinger. Logically none […]

June 1, 2006–The board of directors of Capmark Financial Group Inc. (”Capmark”) today announced the appointment of William F. Aldinger, III as president and chief executive officer of the company, effective immediately. Aldinger, responsible for the most suits, settlements and foreclosures as a financial services industry executive, also has joined the company’s board of directors. […]

Decision One Mortgage
Subsidiary of HSBC
6060 J.A. Jones Dr.
Charlotte, NC 28287
Attn: JC Faulkner, President

The company is a wholesale lender specializing in non-conforming residential mortgage loans and debt consolidation loans. It operates through more than 20 branches in cities nationwide, as well as through relationships with loan brokers and correspondents. Decision One Mortgage is owned by big […]