Household HSBC Watch

According to Business Wire, Capgemini announced today a renewal of their relationship with HSBC for continued collaboration with HSBC’s Global Technology Centers. According to a self-serving press release Capgemini and HSBC are both the greatest, most wonderful organizations. What is wrong with the report? Capgemini supports HSBC key strategic businesses, including Consumer […]

A promotion in February and dismissed by July is sad news for David Gibbons of HSBC. One must ask if Gibbons was hired for his connections with the OCC, a bank regulator, or his ability. One thing is for sure - Gibbons did not see the risk at HSBC Finance, formerly known as […]

Major problems have emerged in the anti-money-laundering procedures of the Irish division of HSBC Bank, which manages more than €20 billion in assets. The Sunday Business Post has learned that the bank has installed a new series of money laundering checks after issues were discovered with its existing procedures.

Under Irish law, banks are obliged to […]

We were provided with the list below for our who’s who section. It also shows compliance officers. Household - HSBC Watch has an extensive article about Sherman, Alegis, and what goes on behind the scenes. Part One of this article is here.

SHERMAN ACQUISITIONS JOHN LAGRANT JLAGRANT@ATTENTIONLLC.COM SR. VP
JOHN R. LAGRANT SR. VICE […]

The BTK killer worked as a compliance officer before he was captured. He was also active in his church. “Although people have the perception that compliance officers are eager to make sure companies toe the line, the BTK killer reinforces the fact that these people they are just people. Some believe compliance […]

In an attempt to reduce complaints, abuses, and non-compliance issues authorities and regulators are certain to have an impact on future profits at HSBC Finance Corporation, which is the new name of former troubled predatory lender Household International.

New OCC regulations go into effect on April 8, 2005, which address predatory mortgages and compliance issues. […]

This short report was received by Household -HSBC Watch on 7 January 2005:

“They keep changing my address to a previous address, and I’m not receiving my bill. I’ve called three times to correct the problem and they say it is fixed each time. Is it really that difficult to update an address? ”
This one is […]

Household Watch has learned from sources close to the issue that Coalition for Fair and Affordable Lending (CFAL) was joined by subprime and predatory lenders seeking to overturn or override state and local legislation. Their website is here. FairLendingNow.com - sounds nice doesn’t it. Now you know who’s really behind it.

One website states “To […]

Have you seen a funny quote from someone in an obvious sate of denial? Let us know.
“Household’s position on predatory lending is perfectly clear,” said Gary Gilmer, president and CEO of HFC and Beneficial. “Unethical lending practices of any type are abhorrent to our company, our employees, and most importantly, our customers.” (Well, he got […]