We like developing nations, said HSBC. It is a matter of risk and reward, or as others see it, less risk because laws are less stringent. HSBC is not doing well in Korea, as the acquisition of KEB stalls. Charges of KEB Card stock price manipulation, links to the United States through […]
The U.S. subsidiary of British financial conglomerate HSBC Holdings PLC spent more than $1.3 million in the first half of 2007 to lobby the federal government, according to a recent disclosure form. HSBC once claimed they never lobby for anything and had no lobbying effort. Once against company policy, HSBC found out their […]
As those of us here at Household - HSBC Watch predicted years ago Representative Bob Ney of Ohio has finally fallen from grace. Rep. Robert Ney (R-OH) accepted thousands of dollars in gambling chips from a businessman who wanted help selling U.S. airplane parts to prohibited countries.
That charge is one of […]
An analysis of the contributions shows that senators who voted to pass the bill raised an average of nearly twice as much between 1999 and 2004 from the finance and credit industry as those who voted against the bill. The bill’s supporters received an average of $36,600 from the industry during the six-year timeframe, […]
BY SHERYL JEAN, Pioneer Press
A handful of top executives at Metris Cos. received pink slips Thursday as the credit card issuer became part of finance giant HSBC Group, and more are expected in the coming months. Chief Executive David Wesselink, credited with turning around a company once on the brink of bankruptcy, is gone. […]
Businesses won’t find the problems that consumers do when trying to file for bankruptcy under the new law. Lawless warns that the problems will come after the business filing is done. “There are provisions that make it harder for businesses to get through Chapter 11 and there are expanded paperwork requirements,” he said.
“Small businesses […]
Just as he was out of touch with the capabilites and qualifications of Michael Brown, George Bush is out of touch on postal service reform, bankruptcy reform, class action reform, medicare prescription reform and so many other issues.
HSBC claims that it does not make political campaign contributions. (The claim is made, among other places, in HSBC’s “corporate responsibility” statement). HSBC’s statement is misleading. As reported by Crain’s Chicago Business of November 8, 2004: “At Prospect Heights-based HSBC North America Holdings Inc. (formerly Household International Inc.), PAC contributions have […]
No matter what name you put on it - predatory lender Household International or HSBC (they are the same company) K-Mart has aligned their customers with the troubled credit card operation in an attempt to build “K-Mart customer loyalty.” Is K-Mart headed into bankruptcy again after this move? Time will tell.
November […]
Call somebody about this, anywhere in the world, for FREE
An open letter to HSBC, Knight Vinke and Stephen Green
We monitor customer trends for possible violations of Regulation Z and other possible illegal actions.
We use your individual HSBC complaints and merchant complaint reports to perform trend analysis.
We are not associated with HSBC, Household International, or their merchants.
Some items are used by permission granted in the Fair Use guidelines of the 1976 U.S. Copyright Act.