Household HSBC Watch

On Friday November 30th, Pacific Business News was able to get some information from HSBC Finance regarding closings in Hawaii. Subprime lender Beneficial Hawaii will see its branch network shrink as parent company HSBC Holdings attempts to rein in U.S. lending losses. “We will be closing some offices in Hawaii, but we will […]

HSBC Financial Corp. Ltd. is closing 30 of its 140 small branches in Canada, affecting 300 employees, as it tightens up its lending practices in the continuing credit crunch. Operating separately from HSBC Bank Canada, the loan company is a subsidiary of a similar U.S. operation that has suffered in the U.S. subprime mortgage […]

A Saudi Arabian investor has bought a 3.3-billion-pound ($6.6 billion) stake in British bank HSBC Holdings in the last two months, and sees the stake as a long-term investment, his spokesman said.

A regulatory filing said Maan Al-Sanea owned 360 million HSBC shares, or a 3.1 percent stake, through Singularis Holdings, an investment company based in […]

Oct. 6 (Bloomberg) — HSBC Holdings Plc, Europe’s biggest bank by market value, said moving its headquarters away from the U.K. would save the lender about 400 million pounds ($750 million) a year.

Taxation and regulations are HSBC’s main considerations in deciding where the company is domiciled and it reassesses these every three years, said […]

This is an arrogant blow to some professionals.
LONDON: A section of HSBC’s employees in Sheffield are up in arms for being asked to train staff from India who would then take over their jobs, lending a new twist to outsourcing from Britain to India. The request to train the Indian staff has angered workers […]

We don’t know how we missed this article. When reading it remember that HSBC FInance Corporation is Household International with a new name since they are now owned by HSBC. Little was changed at this predatory lender when HSBC took over.

Call center employees in Buffalo allege that they were required to perform work […]

Pay day will be coming late for thousands of workers this month after computing problems at the world’s third-largest bank, HSBC.
Employees at 1,900 UK companies have been affected and will receive their money on Tuesday rather than Friday.

According to a company spokesman the failure was a serious problem that has now been rectified.
HSBC […]

She’s 60 years old and works two jobs, earning about $30,000 a year. She’s divorced and has raised four sons, and she has been paying on her small home in Akron’s Kenmore neighborhood since 1985. She took out a mortgage in her own name in 1990 for $20,000. More than 15 years […]

Wall Street company Bear Stearns & Co. disclosed last month that its loan-servicing company, EMC Mortgage Corp., which collects bills and buys loans from sub-prime lenders, had handed over documents to the FTC. In a regulatory filing, Bear Stearns said the FTC was investigating “various unnamed sub-prime lenders, loan servicers and loan brokers” for possible […]

BY SHERYL JEAN, Pioneer Press
A handful of top executives at Metris Cos. received pink slips Thursday as the credit card issuer became part of finance giant HSBC Group, and more are expected in the coming months. Chief Executive David Wesselink, credited with turning around a company once on the brink of bankruptcy, is gone. […]