Household HSBC Watch

A former employee of HSBC in Florida sent us this opinion: “Ex-employee from HSBC, parent company of HFC/Beneficial collections team. First I would like to straighten some facts about prior to my bashing. This company is a pay for performance company and each employee has the bonus options. The better you […]

HSBC North America Holdings’ Business Solutions Group, the commercial arm of the company’s Retail Services business, has entered into a strategic alliance to acquire the consumer and commercial credit receivables of OfficeMax, one of the leading office supply retailers in the United States.

“Our ability to provide customized business payment solutions allows our clients to focus […]

June 1, 2006–The board of directors of Capmark Financial Group Inc. (”Capmark”) today announced the appointment of William F. Aldinger, III as president and chief executive officer of the company, effective immediately. Aldinger, responsible for the most suits, settlements and foreclosures as a financial services industry executive, also has joined the company’s board of directors. […]

North America’s retail services business (NYSE:HBC) has extended its long-term agreement with Art Van Furniture to provide a private label credit card program. Ranked 12th in Furniture Today magazine’s “Top 100 U.S. Furniture Stores,” Art Van operates 29 stores in 28 cities throughout Michigan.

Since 1980, HSBC and Art Van have partnered to offer Art […]

EILEEN POWELL of the Associated Press said:
The three major consumer credit reporting agencies announced Tuesday that they have created a new credit scoring system aimed at simplifying the loan process for both lenders and borrowers.

The announcement by Equifax, Experian and TransUnion said the new “VantageScore” was “a direct result of market demand for a more […]

Oct. 24 2005 — HSBC North America Holdings’ Business Solutions Group, the commercial arm of the company’s Retail Services business, announced today that it has entered into a strategic alliance to acquire the consumer and commercial credit receivables of OfficeMax(R), one of the leading office supply retailers in the United States. “Our ability to […]

“We are in the process of rolling out what we call the Household Model based on sophisticated data-intensive analysis that is rapidly scalable, offering customised solutions. Using a common technology platform that is tailored to local requirements, various financial solutions are provided” said Niall Booker of HSBC. The Chief Executive Officer of HSBC, Niall […]

HSBC - North America announced today that its business solutions group, the commercial arm
of HSBC’s retail services business, has signed a multi-year, private label financing agreement with Mac Tools, a division of The Stanley Works and a leading distributor of automotive tools and equipment. HSBC’s business solutions group will manage Mac Tools’ 35,000 commercial […]

HSBC - North America announced on October 12, 2004 that its business solutions group, the commercial arm of HSBC’s retail services business, has signed an exclusive private label financing agreement with Northern Tool & Equipment Co

HSBC’s retail services business was formerly known as predatory lender Household International’s “Household Retail Services” aka HRS, aka “Retail Services.”
Consumer […]

Household Watch points out the names of subsidiaries, found in Google’s news about Brian Zemple:
Brian Zempel was named managing director of HSBC’s business solutions group, the commercial side of HSBC’s retail services business.

HSBC business solutions group focuses specifically on the business-to-
business financing needs of North American companies that operate through
distributorships, catalogs, Internet and traditional retail […]