Household HSBC Watch

This excerpt from an article published in Bahrain tells exactly where HSBC wants to be, but does not address why HSBC Auto Finance shut down in the U.S. “Euro Motors, the exclusive importer of BMW cars in Bahrain, has signed a financing partnership with HSBC to provide BMW and HSBC customers with financial services […]

HSBC said the bank would export the business model of Household International, purchased by HSBC in 2003. As disturbing as it sounds, HSBC bragged about exporting the so-called “Household Model” even though history will show the model as a predatory lender. Subprime losses in the billions of dollars showed a failure. Pragati […]

The Cerberus private equity group recently bought Chrysler. Cerberus already owned 51 percent of GMAC. Chrysler Financial is the only part of Chrysler that makes money. The handwriting is on the wall for Cerberus to strip and flip Chrysler, keeping the profitable finance portion. HSBC Finance Corporation may look attractive to […]

There is more competition for Household Auto Finance. Wachovia made a move recently. “We see any optiion other than HSBC Finance Corporation as a positive step for consumers” said Household - HSBC Watch.

The Associated Press
Monday, September 12, 2005; 7:55 AM
CHARLOTTE, N.C. — The financial services company Wachovia Corp. on Monday said it agreed […]

One of the biggest drawbacks of financing a vehicle with HSBC Auto Finance is timely release of the title, according to watchdog organization Household - HSBC Watch. One customer recently said “I bought my 2003 Suzuki Intruder motorcycle from Escape motors in September 2003. The account was started with GECF, and later […]