Household HSBC Watch

According to Business Wire, Capgemini announced today a renewal of their relationship with HSBC for continued collaboration with HSBC’s Global Technology Centers. According to a self-serving press release Capgemini and HSBC are both the greatest, most wonderful organizations. What is wrong with the report? Capgemini supports HSBC key strategic businesses, including Consumer […]

As part of its continuing evaluation of risk, HSBC monitors activities relating to Cuba, Iran, Myanmar, North Korea, Sudan and Syria. HSBC’s business activities include correspondent banking services to banks located in some of these countries and private banking services for nationals of, and clients domiciled in, some of the above countries. The Group has […]

The following HSBC press release is somewhat deceiving. There is no HSBC Bank in Prospect Heights Illinois. Prospect Heights is home to HSBC Finance Corporation, formerly known as predatory lender Household International. Perhaps Mr. Bruce J. Hammersley and Civis Financial Group would like you to think otherwise, judging by the press […]

Gottschalks Inc. today announced that it has signed a new multi-year agreement with HSBC - North America’s retail services business for the operation of the Company’s proprietary credit card business. The card program partnership with HSBC has been a significant driver of sales, profit, and customer loyalty for Gottschalks. As a result of this agreement, […]

Combined third-quarter profits for HSBC USA and HSBC Finance Corp. fell 15.5 percent, as a tight profit margin, lower banking fees, higher operating expenses and higher loan losses offset growth in the company’s bank branch network, commercial lending, retail mortgage and credit card divisions.
The two U.S. units of HSBC Holdings Plc reported total profit before […]

Consumer watchdog organization Household - HSBC Watch presents these changes for April within HSBC. In our opinion information from New York pertains to banking, while information from Prospect Heights Illinois pertains to the old troubled and disgraced predatory lender Household International, now called HSBC Finance Corporation, and should be categorized under finance companies. […]

Re: FTC Ref. No. 1782918
Dear :
Thank you for recent correspondence. The Federal Trade Commission acts in the public interest to stop business practices that violate the laws it enforces. Letters from consumers and businesses are very important to the work of the Commission. They are often the first indication of a problem in […]