Household HSBC Watch

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When William F. Aldinger sold his scandal plagued predatory lending company, then called Household International, to HSBC Bank plc he knew he had to profit personally before the sham fell apart. An opportunist who profitted from running scams on borrowers, Aldinger’s departure left room for promotions in the […]

Jun 3, 2005 — NEW YORK (Reuters) - Saks Inc. said on Friday it is looking further into inventory markdowns and vendor markdown allowances at its Saks Fifth Avenue unit and at whether vendors were improperly charged fees for failing to comply with the retailer’s policies. Saks, based in Birmingham, Alabama, said it […]

William Aldinger leaves HSBC Bank for retirement, taking approximately $36 Million (USD) for three years of “work.” But as legacies go Aldinger shall forever remain famous in the field of predatory lending. His children will constantly hear the reminders of the elderly like Mr Myers. Myers, 66, was left owing a third more […]

MINNEAPOLIS, April 1, 2005 — Best Buy Co., the nation’s biggest consumer electronics chain, said Friday its fourth quarter earnings rose, buoyed by a February sales surge, but offered a disappointing forecast for this quarter. It also said it will phase out mail-in rebates over the next two years, bowing to customer complaints. Its shares […]

Consumer watchdogs close to one investigation say there may soon be more names than those mentioned in the following article. “Look to the predatory lending industry for more scandals as fuel costs rise, hardships develop, and regulators get tired of abuses” said one unnamed source. “As President Bush signs legislation into law, he […]

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 […]

Andrew Armishaw, group executive and chief information officer at HSBC has some explaining to do. Consumers have reported in recent weeks that HSBC’s online payment website, www.hrsaccount.com , will not let customers pay their accounts online. The number of complaints about the online payment website rose to an all time high in […]

” The World Bank has identified corruption as the single greatest obstacle to economic and social development. It undermines development by distorting the rule of law and weakening the institutional foundation on which economic growth depends. The harmful effects of corruption are especially severe on the poor, who are hardest hit by economic decline, […]

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:

WASHINGTON — […]

NEW YORK, Jan. 10, 2005 (PRIMEZONE) — The law firms of Kirby McInerney & Squire, LLP and Levy Angstreich Finney Baldante, Rubenstein & Coren, P.C. announce that the United States Supreme Court today denied defendants’ petition to review the certification of a nationwide class asserting federal Racketeer Influenced and Corrupt Organizations Act (“RICO’’) claims against […]