HSBC already has a growing corporate and investment banking business in Russia and an office there, but obtaining the license is a key step toward becoming the first British lender to build a retail presence in Russia.
After a decade building up its business in Latin America, the world’s third-largest bank has more recently turned its […]
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 […]
A look at some of the high-profile corporate scandals of recent years and the status of legal action in each.
QWEST COMMUNICATIONS INTERNATIONAL INC. _ Former Qwest CEO Joseph Nacchio is indicted Tuesday on 42 counts of insider trading accusing him of illegally selling off $101 million in stock. In July, Robin Szeliga, former CFO, pleaded […]
HSBC Bank USA has named Thomas M. Neale to oversee efforts to build a commercial banking presence in Maryland, Washington, D.C., and Virginia. Neale will lead HSBC, a unit of one of the world’s largest financial companies, in its push into the lucrative mid-Atlantic market. He comes to HSBC from Wachovia Corp., where he […]
LONDON (Dow Jones)–HSBC Bank (Panama), S.A. has signed an agreement to acquire the group of consumer finance companies trading under the brand name Financomer. The Financomer group, which had a gross assets of $41.5 million at 31 December 2004, entered the personal lending market in Panama in 1989 and currently has 129 employees, […]
“HSBC’s expansion is a strong indication that the Tampa market is vibrant and healthy, and our financial services cluster is still very solid,” said Sam Ellison, chair of the Greater Tampa Chamber of Commerce and managing director of The Beck Group. “We will continue our efforts to grow and support this important cluster while at […]
New York’s Eliot Spitzer asked for information relative to increased costs of borrowing by people of color. Then we saw this press release. Irony, a related issue, or just business as usual? Household - HSBC Watch tells you so you can decide.
FAIRFAX, Va., May 24 /PRNewswire/ — The United Negro College Fund […]
Trying to track down troubled predatory lender Household International? Former stock symbol HI? Need updates to the nationwide $484 million settlement? Updates on RICO charges against H&R Block and Household? Perhaps you are looking for Household Retail Services, HRS or HRSI?
The names have changed.
HSBC North America Holdings (formerly Household […]
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An open letter to HSBC, Knight Vinke and Stephen Green
We monitor customer trends for possible violations of Regulation Z and other possible illegal actions.
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