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No Sympathy for HSBC Subprime Woes

If HSBC is looking for sympathy and a subprime bailout then HSBC needs to keep looking, according to some. CNN Money has received many comments in recent weeks. “Foreclosure prevention” sounds a lot like “bailout” to many Americans, and they don’t like it one bit.

“Let the lumps fall where they may. No bailouts! […]

Bank of America Overtakes HSBC in Card Market

No. 3 bank to buy MBNA, creating the nation’s largest credit card issuer; 6,000 jobs to be cut. “BofA leaves HSBC lagging behind, while making HSBC’s buyout of Household International a poorer business decision than originally thought” said advocacy group Household - HSBC Watch.

NEW YORK (CNN/Money) - Bank of America, betting that financial “supermarkets” […]




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