Household HSBC Watch

It reminds me of the old game we played when we were kids. The game where we had to pick out “the one that was different from all the others.” Banking industry leaders (their words, not mine) are calling for reforms. The proposals were put forward by a high-level group led by former […]

A controversial bonus scheme which could net five senior directors of banking giant HSBC more than $240 Million over the next three years has been approved by shareholders, although there was opposition. Only 82 percent of those who voted were in agreement. Eight percent of voters abstained, while 11 percent were in opposition. […]

News from the U.K. this Thanksgiving day tells of how HSBC senior executives have been challenged over their proposed bonuses. Even though HSBC, “despite more than $20 billion (£9.7 billion) of provisions for credit and trading-related losses over the past two years”, possibly misled shareholders into believing that the executive bonus scheme was much […]

“Over the next 12 months we will have greater clarity’’ on defaults as “the bulk’’ of HSBC’s subprime two-year fixed rate home loans in the U.S. reset, Finance Director Douglas Flint said on a conference call with reporters. The company also set aside as much as $1.3 billion for bad unsecured loans through its U.S. […]

‘People queue out of the door. It’s great for me because it increases the trade in my shop. If the branch goes, people will go to Hessle or into the city centre to get cash and shop, and that will affect trade. Slowly, all the banks are pulling out of suburbs and when they do, […]

HSBC Bank USA has named Thomas M. Neale to oversee efforts to build a commercial banking presence in Maryland, Washington, D.C., and Virginia. Neale will lead HSBC, a unit of one of the world’s largest financial companies, in its push into the lucrative mid-Atlantic market. He comes to HSBC from Wachovia Corp., where he […]

With the addition of William F. Aldinger to the board of directors at Charles Schwab, consumer advocates at Household - HSBC Watch said they would watch Charles Schwab as well as HSBC. Investigators discovered that Aldinger’s assistant is still employed by HSBC. Intelligent minds ask if Schwab is for sale, or is Schwab […]

THE LONDON-based bank, HSBC, opened its first branch in Bratislava June 16. The bank will provide corporate and institutional banking products to local and foreign clients as well as those planning to invest in Slovakia, the SITA news agency wrote. The new Bratislava branch director is Karel Bure�, the former head of the […]

By Michael Casey, ASSOCIATED PRESS, 8:19 a.m. June 27, 2005 - CALANG, Indonesia –
Mike Gray spends most days as Rolls-Royce’s regional director selling jet engines to the Indonesian military or compression systems to oil companies across the country’s vast archipelago. But since the tsunami, the 54-year-old Briton with a boyish face has assumed […]

TEL AVIV - British-based HSBC Holdings, the world’s second-largest bank, is striving to change its status in Israel from a foreign bank to a member of the Tel Aviv Stock Exchange. HSBC has been operating in Israel as a foreign bank for the past three-and-a-half years and has recently submitted a request to […]