Household HSBC Watch

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, […]

At the annual meeting in London, chief executive Michael Geoghegan dismissed critics who continue to question HSBC’s $14.8bn (£7.5bn) purchase of US consumer credit firm Household International in 2003, which many believe has exposed the bank to too much risky lending.

“Some commentators have asked should you be in this business?’,” he told shareholders. “Well, let […]

The new bank already has one branch that opened on Monday, in Bethesda, outside Washington, D.C. Besides offering loans and deposits, that office also offers check-cashing services. The new charter will also be used for the bank’s pending expansion into Connecticut later this month.

HSBC has aggressively added branches in multiple states over the past […]

As those of us here at Household - HSBC Watch predicted years ago Representative Bob Ney of Ohio has finally fallen from grace. Rep. Robert Ney (R-OH) accepted thousands of dollars in gambling chips from a businessman who wanted help selling U.S. airplane parts to prohibited countries.

That charge is one of […]

KUALA LUMPUR: HSBC Bank (M) Bhd aims to have one million of its credit cards in circulation in Malaysia by the year’s end. Currently, it has more than 950,000 credit cards in circulation. The bank’s head of cards, Linda Yip, said the new campaign would offer promotions and discounts, and a contest for users. […]

In Shea v Household (HSBC) it was alleged that customers of HSBC sent payments by mail and those payments were credited one day late. Shea v Household covered 1994 through 2004. HSBC bought stained predatory lender Household International in 2002, finalizing the deal in early 2003, thus HSBC Bank plc bears responsibility for […]

Tuesday’s guilty pleas by former Washington, D.C. lobbyist Jack Abramoff on charges of conspiracy, fraud and tax evasion have a local link. The public official in potentially the hottest water as a result is U.S. Rep. Bob Ney, R-Heath, whose multi-county 18th House District includes Glouster, Nelsonville and other parts of northwest Athens County.

Ney is […]

KANSAS CITY, Mo.–(BUSINESS WIRE)–Nov. 17, 2005–H&R Block Inc. (NYSE:HRB) today reported a net loss of $72.2 million, or 22 cents per share, for the second quarter of fiscal 2006 compared with a loss of $49.9 million, or 15 cents per share, in the year-ago quarter. Revenues in the quarter rose 14 percent to $620.4 million […]

PROSPECT HEIGHTS, Ill., Sept. 9 /PRNewswire/ — HSBC - North America has established a special toll-free number — 866-727-HSBC (866-727-4722) — for customers who live in areas of Louisiana, Alabama and Mississippi that were
directly impacted by Hurricane Katrina. HSBC agents are available to assist customers with inquiries regarding accounts held with HFC, Beneficial, […]

Base rate hasn’t moved for almost a year, but that has not stopped savers being penalised, writes Kathryn Cooper

BANKS and building societies have been accused of profiteering by slashing their savings rates even though the Bank of England base rate — the yardstick for all UK interest rates — has not moved for nearly a […]