Household HSBC Watch

An NASD arbitration panel found HSBC Brokerage (USA) Inc., liable for $776,000 for negligent misrepresentations and omissions in the sale of a structured note. On Friday, May 4, 2007, the NASD panel awarded $776,000 to Rayburn Enterprises and a related trust. Rayburn Enterprises was represented by Dempsey & Johnson, a Los Angeles, California law firm.

“It […]

Tuesday’s guilty pleas by former Washington, D.C. lobbyist Jack Abramoff on charges of conspiracy, fraud and tax evasion have a local link. The public official in potentially the hottest water as a result is U.S. Rep. Bob Ney, R-Heath, whose multi-county 18th House District includes Glouster, Nelsonville and other parts of northwest Athens County.

Ney is […]

The national “do not call” list is welcomed by consumers and almost eliminates annoying interruptions at dinner. But Household International, and in one case their credit card merchant CompUSA fought consumer activists favoring “do not call” legislation in the early formative years. Examples:

“I received calls from Warrantech (an extended warranty company) after I […]

On March 25, 2005, China News reported that the former chairman of China Construction Bank Zhang Enzhao resigned for “personal reasons” last week, a day after Hong Kong media reported that he was suspected of corruption and put under house arrest.

His son Zhang Jigang, who goes by his Cantonese alias Cheung Kei-kong, has since […]

Household International, which employs more than 450 people in the London Kentucky area, has recently changed its name to HSBC after being acquired by UK-based HSBC in 2003. HSBC North America Holdings serves 60 million customers and ranks as one of the top 10 financial-services companies in the United States, with assets approaching $300 billion. […]