NEARLY half of all mortgage shoppers use the Internet to do research on mortgages. If your research got you to this website you have reached Household - HSBC Watch consumer advocates, a watchdog organization not affiliated with HSBC in any way. You are doing your homework, however, and digging deeply. Perhaps HSBC […]
A study conducted by Citizens for Equal Access to Credit found that a large percentage of subprime credit card users improved their credit rating within a two-year period. Based on a study of 360,000 card users, at least 35 percent of consumers with low-limit credit cards improved their credit scores in two years. […]
When a person is stationed in Iraq, calls HSBC from Iraq, and receives their mail in Iraq, but HSBC will not wake up and do the right thing. That is the case, however, and HSBC Finance seems to think their “pay for performance” bonuses are more important than following the law. One soldier […]
Here at Household - HSBC Watch we receive complaints every day. Some involve pre-payment penalties on home loans that trap the buyer, preventing refinancing or otherwise putting the buyer upside down in the home. That may soon change according to Federal Reserve Chairman Ben Bernanke.
“Although the high rate of delinquency has a number […]
Merchants are furious at HSBC UK after the bank’s e-payments system failed again, for the second time in two weeks. Similar problems left merchants unable to take payments for two days over the weekend of 29-30 March. Complaints from merchants at that time focused on the fact that HSBC did not contact […]
In 2003 consumer advocates at Household - HSBC Watch knew nothing of Knight-Vinke and Eric Knight. The organization was known only as Household Watch. But just this morning HSBC might be planning more acquisitions in the United States. “We may consider acquiring banks linked to Spanish and Asian communities,” the South China […]
Orlando, Fla.-based CNL Financial Group has purchased Two Harbour Place, a 12-story office tower in Tampa, for $32.25 million from HSBC, a global banking company. Jeff Morris, Jubeen Vaghefi, Steve Echelson and Doug Bartley of Jones Lang LaSalle brokered the transaction.
About the same time as this news release was made public a different news […]
On one hand HSBC spokesman Michael Trevino said tax refund loans “represents a very small portion’’ of HSBC’s revenue. On the other hand such loans represent bad publicity for HSBC, with interest rates sometimes over 100 percent. Lawsuits such as Carnegie vs Household, paid by HSBC in 2007, cast HSBC in a bad […]
Morgan Stanley cut its price target for HSBC Holdings plc shares traded in Hong Kong to HK$115 each from HK$131 on Thursday. Although HSBC would like everyone to believe U.S. subprime problems will not effect the overall bottom line apparently some analysts liken HSBC’s problems to what happened at Bear Sterns. The move […]
Carrick MollenKamp of the Wall Street Journal follows HSBC closely. His recent article “HSBC a canary in US mortgage mine” appeared on 12 November. It is interesting to note that HSBC helped to start the entire worldwide credit crisis. “…HSBC said souring sub-prime-mortgage loans had forced the bank to add nearly $US2 […]
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