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How many bad loans did HSBC dump on others?

In a news article from late last week titled “Business big shot: Michael Geoghegan” we see the power of algorithms and content matching. Although I do not know what the article was really trying to prove, the Times Online also suggests other relative articles. One related article is titled “HSBC profit falls […]

India currency conversion is HSBC problem

A customer in India (Madhya Pradesh) thinks HSBC has hidden international currency conversion charges. The customer claims he cannot get a straight answer. Here is his report so you can decide for yourself:

“I purchased an item using my HSBC credit card in US dollars on the Internet. The seller turned out to be […]

HSBC Back-Office Worker Charged for Assisting Fraud

June 28 (Bloomberg) — An employee of HSBC Holdings Plc’s Indian unit was arrested in Bangalore and accused of helping a group illegally withdraw 233,000 pounds ($424,747) from bank customers’ accounts, according to a police official. Nadeem Kashmiri, a 24-year-old employee of HSBC Electronic Data Processing (India) Private Ltd., was charged with hacking […]

Banks in the firing line as savings rates are cut

Base rate hasn’t moved for almost a year, but that has not stopped savers being penalised, writes Kathryn Cooper

BANKS and building societies have been accused of profiteering by slashing their savings rates even though the Bank of England base rate — the yardstick for all UK interest rates — has not moved for nearly a […]

IBM Follows HSBC, Moves 14,000 to India

IBM to hire 14,000 in India: Report, Friday, 24 June , 2005, 21:07
New York: US tech giant IBM plans to increase its payroll in India this year by 14,000 workers, even as it cuts 13,000 jobs in Europe and the United States, a labor group said on Friday. IBM joins HSBC and […]

Money Central Replaces Household International with HSBC Holdings plc

Starting on June 24, 2003, MSN Money’s website refers to Household International’s involvement with American consumers as HSBC Holdings plc. There is little mention of former predatory lender Household International. Granted, they were absorbed in to HSBC, but business tactics stayed the same and Household employees did not change. “The same strong […]

Periodic Statements, defined

226.7 Periodic statement.
The creditor shall furnish the consumer with a periodic statement that discloses the following items, to the extent applicable:

(a) Previous balance. The account balance outstanding at the beginning of the billing cycle.
(b) Identification of transactions. An identification of each credit transaction in accordance with ?226.8.
(c) Credits. Any credit to the account […]




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