Household HSBC Watch

The Cerberus private equity group recently bought Chrysler. Cerberus already owned 51 percent of GMAC. Chrysler Financial is the only part of Chrysler that makes money. The handwriting is on the wall for Cerberus to strip and flip Chrysler, keeping the profitable finance portion. HSBC Finance Corporation may look attractive to […]

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. […]

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 […]

Talk that HSBC Holdings (HBC) is about to bid for Bear Stearns (BSC) is highly unlikely, says Mark Thomas at Keefe, Bruyette & Woods. HSBC has said its days of strategic acquisitions are over, and “in terms of geographies, products, and skill base, it’s difficult to see what Bear Stearns could add to what HSBC […]

Charles Schwab recently appointed William F. Aldinger to Schwab’s board of directors. As such we monitor Charles Schwab. See Schwablems here.

By Rich Smith, Updated: 10:15 a.m. ET Sept. 16, 2005
On Thursday, Charles Schwab (NYSE: SCH) announced the repeal of two expensive impositions on its account holders. First, it will no longer charge […]

Wednesday, August 31 — Amid speculation that HSBC Securities might make a buyout offer for Charles Schwab, HSBC Securities Canada Inc., the brokerage arm of Canada’s largest foreign-owned bank, settled a market-timing activity case for $1.16-million, the Investment Dealers Association of Canada said Wednesday. The fact that a settlement had been […]

As Household - HSBC Watch monitors Charles Schwab, William Aldinger, and any potential move by HSBC we call your attention to a new website called “Do You Have a Schwablem?” IT appears, however, that Schwab may have a Schwablum or two as market share is dropping, stock price is dropping, and they are buying […]

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 […]