We said for months that the UK is a bellweather for the United States. That is why this piece of logic is disturbing. UK consumer confidence stabilized this month after falling to a 12-year low during the crucial Christmas shopping period in December, figures showed today. Karen Ward, economist at HSBC, said […]
Chicago (Aug. 31, 2006) - Tax prep giant H&R Block Inc. announced that a federal judge has approved a $39-million settlement of a class-action lawsuit brought by customers over the company’s refund anticipation loans. A U.S. district court judge approved the settlement, the group’s third effort to reach a agreement in the suit, […]
Former Saks Inc. Chief Executive Brad Martin last year received $1.07 million in salary and a performance-based bonus of $265,219, according to a preliminary proxy statement filed Thursday with regulators.
Martin also received restricted stock valued at $3 million and other annual compensation totaling about $133,000, according to the filing with the Securities and Exchange […]
From the Singapore publication The Edge of December 19: “There were something like 500 different corporate names inside HSBC - The Hong Kong and Shanghai Banking Corp, Midland Bank, Marine Midland, British Bank of the Middle East, Wardley, Wayfoong Finance, James Capel - you name it.”
In the United States HSBC is set up […]
Becky Barrow, Daily Mail, 19 December 2005
BRITAIN’S biggest bank has slapped a ban on rival customers at peak times. HSBC has put up signs in its 1,500 branches warning that other account holders will not be served between 11am and 2pm.
It insisted yesterday that the unprecedented move was meant only to improve the service […]
Mark Odell / London December 05, 2005
Sir John Bond, who is retiring from HSBC next year, has emerged as a leading candidate to replace Lord MacLaurin as chairman of Vodafone, the world’s largest mobile phone operator. This week, Sir John said he would step down as chairman of the world’s third largest […]
LONDON (Dow Jones)–HSBC Bank (Panama), S.A. has signed an agreement to acquire the group of consumer finance companies trading under the brand name Financomer. The Financomer group, which had a gross assets of $41.5 million at 31 December 2004, entered the personal lending market in Panama in 1989 and currently has 129 employees, […]
Referencing Richland State Bank v. Household Cr. Serv., Inc., 2004 DSD 21, Household - HSBC Watch, your source for information on HSBC, reports that Household Credit Services was once again sued for souring a deal to sell Richmond State Bank. Richland State Bank was a credit card issuing bank, but was not a servicer. […]
Household and HSBC were accused of crediting payments “late” for almost ten years, from 1994 through 2004. Did the fraud stop? This is from December 31, 2004:
“”Had I not initiated contact with HSBC - Household, they would still be reporting me delinquent. They claim the incorrect address was harvested from my credit […]
On December 9, 2004 a judge ordered three Islamic charities accused of raising money for the Palestinian group Hamas to pay $156 million in damages to the parents of a an American teenager slain in the West Bank. His parents turned to U.S. courts, invoking a 1992 law that allows victims of terrorism abroad […]
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An open letter to HSBC, Knight Vinke and Stephen Green
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