Household HSBC Watch

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 […]

The Asian Banker is reporting that HSBC will offer two mortgage products as part of its new HSBC Premier service that will be launched in Japan on 31 January 2008. HSBC Smart Mortgage and HSBC Smart Investment Mortgage, available to all HSBC Premier customers, come with no maximum lending limit. There is a footnote […]

Proof that more bankers wish to distance themselves from HSBC, HSBC Finance Corporation, and allegations of predatory lending is apparent. As fewer banking professionals wish to associated with HSBC and sub-prime loans competitors hired HSBC top brass.

JP Morgan hired George Foussianes, who was head of Americas global banking for HSBC and oversaw investment banking, […]

The use of credit cards in many Asian markets increased three to sixfold between 1998 and 2005, while the average credit card balance per head grew by about the same amount, a study in the June 2007 BIS’s quarterly review said.

Banks took advantage of the growth in consumer markets to compete for high yield […]

Seen in The Asian Banker on December 18, 2006: “HSBC is scrambling to reinforce senior management to stave off internal problems at Household International, its U.S. sub-prime acquisition made when Sir John Bond was chairman. Looks like serious problems are creeping up.”