As many as 8,000 employees of Catholic Health System have been unable to get their paychecks through direct deposit this morning due to the ongoing computer problems at HSBC Bank USA. Do you have direct deposit of your paycheck or retirement check at HSBC? There is a chance you may not have […]
HSBC can submit as many press releases about planting trees, green offices, and gifts for credit card holders as they desire. Did HSBC ever think that those cute articles are negated by real news? For example, this article is quite astonishing: “Security-incident prone bank HSBC has admitted losing a server containing transaction […]
HMC is a wholly owned subsidiary of HSBC, which is a subsidiary of HSBC Holdings Plc. HMC is located in Depew, NY, with a subprime collections unit in Elmhurst, IL. In addition to its U.S. locations, HMC has operations in HSBC’s group service centers (GSC) in Bangalore, India and Manila, Philippines.
The GSC sites perform […]
Knight Vinke today renewed its assault on HSBC’s strategy, saying Britain’s biggest bank was regarded by many shareholders as a disparate collection of poorly connected business trying to be all things to all people.
The activist fund manager, which has the full backing of the powerful California pension fund Calpers, also blasted the bank for […]
HSBC Group’s Australia account holders are outraged that the bank didn’t bother to contact a single customer in the wake of a serious security breach new which exposed banking details, names and home addresses, as well as other financial information.
Customers labelled the bank’s handling of the breach a “disgrace” accusing HSBC of favoring commercial interests […]
As recently as one year ago HSBC refused to provide regulators with international banking information. Sources close to many investigations knew or suspected HSBC was aiding terrorism, money laundering, and other related issues. Taking lessons from predatory lender Household International, now owned by HSBC, the bank simply refused to answer questions. […]
Financial services union Amicus has condemned HSBC’s plans to cut 72 jobs at finance departments in the UK and move the work to its offshore centres. HSBC is offshoring work from London, Birmingham and Southampton, including over 30 managerial positions.
The union says it is surprised by HSBC’s latest move, which cimes just weeks after […]
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 […]
British banks will not face any action over an alleged data breach in an Indian call center last year, the U.K.’s data protection watchdog has said. In the breach, an undercover newspaper reporter was allegedly able to buy the bank account, credit card, passport and driving license details of 1,000 British bank customers for […]
By John Leyden, Published Thursday 23rd June 2005 10:13 GMT: An undercover reporter was able to buy the details thousands of UK banking accounts, password particulars and credit cards numbers from crooked call centre workers in India, The Sun reports.
The paper says one of its journalists bought details of 1,000 UK banking customers from […]
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An open letter to HSBC, Knight Vinke and Stephen Green
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