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Predatory Side of HSBC Finances Office Max

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 […]

Is Office Max A Troubled Company?

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 […]

GoodGuys Stores Officially Gone

CompUSA’s new CompUSA and Good Guys Megastores open Friday in several cities across the country. In December 2003, Dallas-based CompUSA bought Good Guys, an Alameda, Calif.-based specialty retailer of high-end entertainment electronics.

Consumer advocates at HSBC Watch say financing for CompUSA and the former Goodguys stores was originally through predatory lender Household International, now […]

Mumbai HSBC CSR initiative - more is needed

Mumbai, June 27, 2005 - HSBC, under its CSR initiative, is training their employees to be ‘green’ (environment-friendly), and has earmarked a $50 million spend over a five-year period to help communities across the globe protect the environment. HSBC India’s senior vice-president and head-SME, commercial banking, Royston Braganza, said, “Our initiative, investing in nature, […]

Understanding Retail Services and Factoring

From: Inc. Magazine, December 2003 | Page 90 By: Martin Mayer

When the United States invaded Afghanistan, the armed forces needed a great deal of infrastructure support, everything from electric generators to water purifiers to road-repair machinery. Among the companies the government contracted to supply such things, and get them to where they were […]

Mac Tools - Stanley Works and Household - HSBC

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 […]

Northern Tool & Equipment Co

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 […]




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