With the addition of William F. Aldinger to the board of directors at Charles Schwab, consumer advocates at Household - HSBC Watch said they would watch Charles Schwab as well as HSBC. Investigators discovered that Aldinger’s assistant is still employed by HSBC. Intelligent minds ask if Schwab is for sale, or is Schwab going to branch out into predatory high-risk lending. Is Aldinger the front man for HSBC, or will Schwab start a new risky venture? Is Aldinger really retired from HSBC? How will Schwab turn the company around, and is Aldinger the right choice for the board of directors?
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Category: 05 Aldinger, 05 Research, General
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Mumbai, Aug 24 HSBC has received Foreign Investment Promotion Board (FIPB) approval for setting up a Non-Banking Financial Company (NBFC) and is awaiting other regulatory approvals. The NBFC would enable HSBC to expand its retail operations in India. With such an expansion plan on cards, HSBC would capitalise on the retail boom witnessed in India, stated Nicholas Winsor, head personal finance services, HSBC.
Category: 05 Worldwide, General, India Calling
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Kansas City - August 25, 2005 - News Release
Sources who prefer to remain unnamed report that William F. Aldinger’s assistant still does work for Aldinger while paid by HSBC. Whether part of Aldinger’s retirement package or for some other reason Mary Hicks continues to do work on behalf of Aldinger while paid by HSBC and working at corporate headquarters of HSBC Finance Corporation. HSBC Finance Corporation is the former Household International, well known for predatory mortgage loans. Aldinger recently retired from HSBC one year earlier than planned and was recently appointed as the eleventh member of Charles Schwab’s board of directors.
Category: 05 Aldinger, 05 HSBC - U.S., 05 Research, 05 Who's Who, General
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Due to a record number of complaints about Household International and HSBC our programmers added a “related topics” link to the forums. Now whenever you view a complaint or read a horror story similar related issues will be listed. To read those issues, check for trends, or further examine what happened just click the links. We have over 1400 postings in the 2004 - 2005 forums, just about as many in the archived forums, and almost 1000 posting in the blogger under “Articles and news”. We added related topics to the blogger and it was popular so we decided to add it to the forums. Thanks for supporting Household - HSBC Watch.
Category: General, Programming, Technical
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About 300 consumers had filed complaints with the attorney general’s office accusing AOL of ignoring demands to cancel service and stop billing. The result was that the 300 were noticed among AOL’s estimated 21 million U.S. customers. It resulted in AOL paying USD 1.25 million as reported on August 24, 2005. For those that think HSBC is too big and complaints like the thousands seen on this website are never heard, the AOL article helps to focus on the real problem - former Household International, now called HSBC Finance Corporation.
Category: 05 HSBC - U.S., 05 Regulators, General
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