PROSPECT HEIGHTS, Ill., March 31 /PRNewswire/ — HSBC - North America announced today that Thomas P. Nicholson has been appointed vice president public affairs. He will be responsible for leading the public affairs team, supporting HSBC’s consumer lending, retail services, credit card services, insurance, taxpayer financial services and consumer affairs businesses. Nicholson reports to Linda Stryker-Luftig, Executive Vice President Public Affairs.
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News accounts detailing how credit card data might have been stolen from Polo Ralph Lauren shoppers are overblown, said Tom Nicholson, vice president of public relations for HSBC North America. Information on 180,000 credit card shoppers might have been in jeopardy, Nicholson said. HSBC North America, which offers General Motors-branded MasterCards to consumers, notified its cardholders in February that an unnamed retailer had a credit card monitoring system in place that did not automatically purge customer account information after transactions between June 2002 and December 2004. Of the 180,000 transactions, about 127,000 were with a GM credit card. Other transactions occurred with other major credit cards, Nicholson said.
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 HSBC Finance Corporation), parent company of Household Financial Corporation Limited, in March 2003. Pat Burke, president and chief executive officer of HSBC Financial Corporation Limited, said: “HSBC is one of the most respected brands in the financial services industry. By adopting the HSBC brand, we will be able to deepen our relationship with our customers and provide even better service by offering access to a broader range of products and services through the other members of the HSBC Group in Canada.”
William F. Aldinger III was relieved by Sir John Bond of HSBC after lackluster profits from North American operations again hurt HSBC globally. Analysts say almost one-third of UK residents had an interest in the fortunes of HSBC - either through shares or pension funds. Aldinger was relieved of command one year early, in essence being fired. Although the HSBC announcement said Aldinger will retire, investigators at Household - HSBC Watch knew he was in over his head. Possibly withholding key facts from HSBC’s due diligence before HSBC purchased Aldinger’s troubled predatory lending company Household International, almost one-third of UK residents lost money through Aldinger’s predatory stunts and tricks. As the experts on how HSBC Finance Corporation effects US consumers, Household - HSBC Watch thinks the entire house of cards will crumble as the truth begins to surface.
William F. Aldinger, former CEO of troubled predatory lender Household International and now Chairman of HSBC North America, is also on the board of directors of AT&T. Aldinger has a law degree and also sits on the board of Mastercard International. Here is the latest report (February 24, 2005) from Federal Regulators:
