April 18 (Bloomberg) - HSBC, Europe’s biggest bank by market value, has slipped 7.6 percent from a 2005 high in February. The bank on Feb. 28 reported the slowest profit growth in 2 1/2 years as earnings from U.S. consumer lending declined.
Consumer advocates at Household - HSBC Watch said HSBC must admit that concessions […]
Fri Apr 15, 2005 1:21 PM BST, LONDON (Reuters) - Banks such as HSBC, Royal Bank of Scotland and Barclays are likely to express interest in buying Morgan Stanley’s Discover credit card unit, banking sources said pm Friday. Morgan Stanley said last week it planned to spin off Discover by giving its investors […]
VANCOUVER, April 1 /CNW/ - Household Financial Corporation Limited, a leader in the Canadian consumer and retail finance industry, has changed its name to HSBC Financial Corporation Limited, effective today. The re-branding of Household Financial Corporation Limited completes the integration process that began when HSBC Holdings plc acquired Household International, Inc. (now named […]
Thailand, April 2005: HSBC expects to increase its credit card base by 40% to 450,000 by the end of the year, outpacing the projected 15% growth rate for the overall industry. Norman Cockerell, head of personal finance services, said credit cards would be the bank’s focus for expanding its personal banking presence in […]
TEL AVIV - British-based HSBC Holdings, the world’s second-largest bank, is striving to change its status in Israel from a foreign bank to a member of the Tel Aviv Stock Exchange. HSBC has been operating in Israel as a foreign bank for the past three-and-a-half years and has recently submitted a request to […]
Found in the Observer: ‘Much of the criticism in the media has been that some executives are being paid too much for running poorly performing companies. That is not a charge that can be leveled at the management of HSBC.’
Consumer watchdog organization Household - HSBC Watch said “It’s clear HSBC is afraid […]
29 March 2005 - HSBC could face a wave of damaging strikes across its UK branches and call centres beginning on 27 May after negotiations over a pay dispute failed.
Senior representatives of Amicus, Britain’s biggest private-sector union, from across HSBC have held a council of war to plan a series of one-day strikes, with the […]
MALAYSIAN students in need of financial aid are invited to apply for scholarship awards by HSBC Bank Malaysia. This is the fourth consecutive year that the bank is offering scholarships to students from the lower income group. To be eligible for the HSBC scholarship, students must be aged between 18 and 25 years. […]
Complaints continue to pour in at Household - HSBC Watch regarding HSBC’s predatory lending facility HSBC Finance Corporation. Formerly known as troubled predatory lender Household International, customers of this HSBC subsidiary report the following problems daily, and in mass:
1. Not receiving statements
2. Unable to pay online
3. Payments applied late
4. Unwarranted late fees
5. Interest […]
Did HSBC’s purchase of predatory lender Household International have an effect on perceptions of HSBC? Household - HSBC Watch says it is is possible as they report a 600 percent increase in visitors from Asia and the Pacific Rim.
March 21 (Bloomberg) — HSBC Holdings Plc, the biggest corporate lender in the Asia-Pacific […]
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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.
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