Household HSBC Watch

It is Saturday night in the United States but Sunday in England and Sunday papers have been printed. It’s also one day closer in London until the day HSBC releases new numbers. London is bracing itself for more bad news on bad debts from HSBC when it announces its half-year results tomorrow, amid […]

In a recent Household HSBC Watch article there is speculation that HSBC Finance Corporation - the former Household International - might be for sale as HSBC jettisons their bad debts and bad image. We invite comments relative to the idea and ask the big question - Who Would Buy It?

Shares of HSBC Holdings have extended their four-month losing streak amid concern that a crisis in the U.S. mortgage industry will erode earnings this year. HSBC’s stock has fallen every month since November, when the bank — the largest in Europe — said bad debts in the United States were rising. The stock fell […]

Investors in HSBC are bracing themselves for further bad news from the bank in the wake of the first profits warning in its recent history. The group admitted that a rise in the number of bad mortgage debts in its US consumer finance business had taken it by surprise. And the City is worried […]

HSBC’S top executives are to lose out on their lucrative performance bonuses this year as a result of the chronic underperformance of the company’s shares.

Britain’s biggest bank has been one of the poorest performing stocks in the FTSE100 index this year, and one of the worst performing bank stocks in the world, because of worries […]

How long before HSBC employs a cohort of burly bailiffs to chase up debtors? Bad loans hang around the neck of the world’s third-largest bank like an albatross. Most of it comes from former predatory lender Household International which is still in business as HSBC Finance Corporation. And HSBC is buying more […]

She’s 60 years old and works two jobs, earning about $30,000 a year. She’s divorced and has raised four sons, and she has been paying on her small home in Akron’s Kenmore neighborhood since 1985. She took out a mortgage in her own name in 1990 for $20,000. More than 15 years […]

As predicted by our analysts here at Household - HSBC Watch, HSBC’s predatory profit is down. But first, read this article from Saturday, October 1st 2005 in which HSBC said less than one percent of accounts were effected by hurricane Katrina. Now read the newest news release below. Who is lying? […]

August 2005 - ‘Bad debts have risen far more markedly - to 5.5% from 3.6% - at HFC, the British operation acquired by HSBC when it took over Household International of the US in 2002. That division caters to customers with a lower income than those serviced by the mainstream bank, and the worry is […]

Monday, 1st August 2005 = HSBC will kick off a busy week for banks with analysts tipping it to reveal that first half profits fell £5.2bn, from around £5.8 bn last time, as the impact of new accounting standards filtered through the figures. Although it is expected to report worse bad debt levels among […]