Household HSBC Watch

HSBC most likely is exposed to failed Lehman Brothers said Forbes recently. “HSBC especially, is “likely exposed” because of its active off-balance-sheet activities in the credit derivatives market and exposure to the United States and United Kingdom, said Daniel Tabbush, a regional banking analyst for CLSA.”

Things have been quiet at HSBC. With […]

HSBC Securities Services is known to be Lehman’s trustee across multiple jurisdictions, said Asian Investor. “The current crisis will no doubt put its trustee function to its most strenuous test to date. After multiple calls to various business heads of the group, no one has been able to respond to AsianInvestor’s question on what […]

The Manchester Evening News (see) reported something we already knew. BARCLAYS, HSBC, Lloyds TSB and NatWest all offer below average customer service, according to the latest Which? Money current account survey. They also continue to offer paltry amounts of interest on credit balances. Just look at our own survey, located to […]

China and India have been growing at steady paces, but some have pointed to a possible bubble. Already, China has shown its weakness as pretax profit for HSBC in China fell 41% to $907 million. Meanwhile, shares in Korea Exchange Bank, HSBC’s newest target, have fallen as much as 12%. For now, HSBC remains devoted […]

Iran has withdrawn around $75 billion from Europe to prevent the assets from being blocked under threatened new sanctions over Tehran’s disputed nuclear ambitions, an Iranian weekly said. Where will Iran put the money? We researched news articles from Manama Bahrain and other Middle East nations. We must raise the question on […]

In 2003 consumer advocates at Household - HSBC Watch knew nothing of Knight-Vinke and Eric Knight. The organization was known only as Household Watch. But just this morning HSBC might be planning more acquisitions in the United States. “We may consider acquiring banks linked to Spanish and Asian communities,” the South China […]

HSBC is pioneering an offshore legal function to service its UK volume legal queries, in a move that threatens to make corporate counsel the latest back-office commodity to be relocated to Asia. Now not only can customer service calls be answered in India, Malaysia or the Philippines, but legal queries might be off-shored. […]

HONG KONG: Mimi Monica Wong, the HSBC banker who won a judgment against two Latin dance teachers in Hong Kong, will get less than half of the interest originally awarded, a High Court judge ruled Thursday.

The judge, Gerard Muttrie, cut the interest in the settlement to 4.6 million Hong Kong dollars, or $597,400, from 9.5 […]

Innner City Press posted this. ( See their full article)

Update of September 19, 2005: Guess who’s been a correspondent for Macau’s Banco Delta Asia, named last week as a money launderer for North Korea, and a primary money-laundering concern? HSBC, of course — the world’s standardless bank. According to The Standard, Banco Delta Asia […]

Reported March 13, 2005:
My mother got her car and was financed by HSBC. She has made payments since 2002, She passed away Feb 8th. My father wants to keep the car so he sent in the payment.A Money order from the bank so now there is proof that he bought and sent payment. It was […]