Household HSBC Watch

Rep. Brad Miller, who—along with a handful of other Democrats—is urging the mortgage industry to delay certain foreclosures until the FHA’s “Help for Homeowners” gets going. The program is a key component of the new housing legislation and is intended to help struggling barrowers stay in their homes. Brad Miller contacted HSBC Finance. […]

Cassandra was the young and beautiful daughter of Priam, the last king of Troy. Apollo bestowed upon Cassandra a special gift—the ability to see the future. The problem with the gift was she could see the future but could not do anything about it. Analysts and economists said for many years that […]

Before William F. Aldinger sold his company - Household International - to HSBC his logic about people and repayment of loans was simple. Aldinger thought people would always make their house payment and their car payment, regardless of how they were treated. For a number of years the logic held true. Then […]

As HSBC continues to hemorage red ink in the United States some are asking if HSBC will replace Chairman Stephen Green with CEO Michael Geoghegan. Under pressure from activists at Knight Vinke and others, it appears as though HSBC will make more changes. Some ask if ousting Green will be enough. […]

Why is this important? Because William F. Aldinger is on the board of directors at AT&T, and was also CEO of Household International, and Chairman and CEO of HSBC USA. HSBC has the same mandatory binding arbitration, and William F. Aldinger has his law degree and thus would advise AT&T in some capacity. […]

Will HSBC buy Charles Schwab? Former HSBC Chairman William F. Aldinger is on the board of directors at Charles Schwab. As former CEO of predatory lender Household International Aldinger moved to HSBC when HSBC bought Household in 2002. Some analysts think HSBC has an insider at Schwab with Aldinger. Logically none […]

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. […]

Take a look at William Aldinger’s Household International from 1999 through 2002.
From March 9, 1999 — The Board of Directors of
Household International, Inc. (NYSE:HI) today authorized the
repurchase of up to $2 billion worth of the company’s outstanding
common shares. At current prices, this would represent over
10 percent of the company’s outstanding shares. Purchases will
occur […]

In the Household - HSBC Watch follow up file, we found out what happend to the HSBC cleaning crew member who asked for a living wage. Most people thought he would be fired, but such was not the case.

Two years ago, a cleaner stood up at HSBC’s annual general meeting and asked chairman Sir […]

HSBC Holdings paid one of its bankers more than 10.2 million pounds in 2005 and another more than 8 million, while the pay of its executive chairman, John Bond, jumped to 4.5 million. HSBC declined to say who earned 10.2 million pounds, although shareholders have a right to know. Predatory lending does […]