“There’s clearly a rearguard action going on,” said Maryland Democratic Sen. Paul Sarbanes in an interview three years after the Enron debacle that led to his co-authoring of landmark corporate governance and accounting reforms in 2002. Sarbanes says enlightened business leaders understand they’ve taken a hard hit from various scandals and have to raise standards and restore public confidence. “But there are elements of that community who refuse to recognize that. I think they’re making a great mistake,” he said.
more…
Popularity: 4% [?]
(Note: A November 2007 update to this article is here)
more…
Popularity: 11% [?]
HSBC Finance Corporation, a wholly owned subsidiary of HSBC and once known as predatory lender Household International, must certify financial reports under Sarbanes – Oxley in the United States. Of particular interest will be earnings from private label credit cards. Household was charged with crediting payments late to collect illegal interest, late fees and past due fees.
more…
Popularity: 5% [?]
On October 25, 2004 Household – HSBC Watch reported on a Nashville Tennessee court filing wherein Household International, now called HSBC Finance Corporation, was charged with alleged racketeering, influence and corruption.
more…
Popularity: 5% [?]
Dec. 23 (Bloomberg) — BNP Paribas SA and over two dozen European, Asian and African banks, including HSBC, are vying to arrange an estimated $50 billion of corporate loans in Iran. U.S. policies bar the world’s three biggest lenders — Bank of America Corp., Citigroup Inc. and JPMorgan Chase & Co. — from the market.
more…
Popularity: 9% [?]
