Household HSBC Watch

24 May 2005 - HSBC bank workers are to go ahead with a 24-hour strike after talks to settle a dispute about pay broke down. The walk-out, which is scheduled for Friday, will be the first major strike at a British bank for 40 years. Union Amicus said a last-ditch meeting had failed to head […]

May 22, 2005 - HSBC has just published a global study, The Future of Retirement, which found that many people no longer viewed retirement as the end of their working lives and the beginning of a period of leisure and relaxation. Instead, most hoped to continue work in some form or other — what they […]

Saturday May 21, 2005, The Guardian : For the first time in 11 years, consumers paid back more credit card debt last month than they took on. And as fears over the economy grow, the country also took on the smallest amount of mortgage borrowing for more than three years while inflows into building […]

With the union and HSBC still at odds a strike is set for the 27th of May at press time. The union says they are willing to negotiate, while HSBC thinks they are bluffing or wants to ignore the situation. Advocacy organization Household - HSBC Watch says ignoring or denying legal situations is […]

Citigroup Inc. and HSBC Group are re vamping systems that businesses use to route payments around the world. The banks are migrating to Global PayPlus, a payments software product from Fundtech Corp. Changes in regulations and technology are causing banks to scrap their legacy payment platforms, says Bandula Wijesinghe, HSBC’s senior VP of payments […]

May 17, 2005 — The Financial Services Authority (FSA) has warned that offshore outsourcing can damage market confidence and consumer protection and hinder the ability to reduce financial crime. In a report published last week, the regulator says businesses that use offshore companies can struggle with the complexity of achieving suitable management and […]

Tue May 17, 2005 - Global bank HSBC Holdings said on Tuesday it was in talks to buy a majority stake in Dar Es Salaam Investment Bank of Iraq as part of a plan to expand in the country as it rebuilds after war. The now disbanded U.S.-led occupation authority gave HSBC, […]

England - 16 May 2005 = A man who quit his job after learning that his boss used a homophobic remark against him has won damages at an employment tribunal. Already they have seen Rob Whitfield receive £35,000 for suffering gay taunts from his employers, while similar cases against Deutsche Bank and HSBC are […]

The Belfast Telegraph said in an article of 30 April 2005 “Try this on the net: if you’ve had a bad experience at a bank, type in its name and then: ‘crap service.’” So we did. For once Household - HSBC Watch was not at the top of the rankings in Google. […]

According to MSN Money, the IRS launched a major crackdown on credit cards issued by banks such as Swiss American Bank, Royal Bank of Canada and HSBC Bank International with operations in places such as the Bahamas and the Cayman Islands. The General Accounting Office estimates that 1 million to 2 million Americans have offshore […]