Household HSBC Watch

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 […]

HSBC plans to put a big chunk of its New York headquarters up for lease, vacating more than 200,000 square feet at its 29-story building at 452 Fifth Avenue. The bank, which occupies the tower in its entirety, is opening up floors 12 through 29, a spokeswoman confirmed on Wednesday evening, making available a […]

Analysts at Household - HSBC Watch think HSBC learned from the recent subprime crisis, regardless of what they tell Knight Vinke and other activists. After studying HSBC and Household International for many years Household - HSBC Watch thinks HSBC will make a move soon. Changes must look like they are HSBC’s idea, […]

The U.S. Supreme Court on Monday rejected an appeal from Microsoft Corp. and a unit of Best Buy Co., ending a bid by the two companies to stop a class-action lawsuit over a joint marketing campaign for MSN Internet Access service.

The companies had appealed a lower court ruling that allowed them to be sued under […]

Massachusetts Governor Deval Patrick will announce a new state program to help homeowners in his state avoid foreclosure, according to the Boston Globe this morning. He’s pressing mortgage companies to accept a short sale (less than what is actually due on the mortgage) so homeowners late on their monthly payments can get out without going […]

HSBC Direct announced a new promotion and sweepstakes but the offer may not be very good. Since HSBC Direct is part of HSBC USA - HSBC North AMerica Holdings we wonder how much information is shared within the company. Primarily we are concerned about HSBC Finance Corporation - which is the old Household […]

HSBC plans to open branches for the wealthy in Japan. One Google search by intelligent wealthy Japanese will foul HSBC plans instead. “This is another case of HSBC ignoring Household International and HSBC Finance Corporation” said one analyst close to the matter. “Wealthy Japanese customers rely on trust and reputation, but as […]

Alex Hungate said: “I want to help HSBC grow by maintaining a relentless focus on the needs of its customers. In this role, with its combination of global leadership of the Personal Financial Services business plus the marketing function, I want to ensure that our services always deliver on the powerful promise of the HSBC […]

On July 19, 2007, S&P cut ratings on 75 U.S. collateralized debt obligations made up of subprime mortgage derivatives. CDOs are fixed-income securities that repackage bonds, loans, derivatives and even other CDOs into new bonds. Subprime mortgages are loans to borrowers with poor or limited credit histories.

“I don’t think anyone knows enough about the […]

TAMPA — A gloomy outlook for a portion of HSBC Holdings’ loan portfolio means a boom for the Tampa Bay area economy. The London-based financial institution has boosted employment at its offices in Tampa and in Brandon Florida as it faces fall-out from its mortgages to sub-prime borrowers.

The company has roughly doubled […]