A drug dealer spreads poison through the neighborhood while encouraging thefts, robberies, and burglaries to pay for the drugs. Drugs poison our neighborhoods, cities, and towns. Investment banks and global banks are no different if they sold poisoned merchandise. Take the case of Lehman Brothers. Lehman was the dominant marketer of […]
Ashurst’s bold strategy of targeting activist investors as clients is paying off, with the top 10 firm advising a boldface activist on its current assault on HSBC. US-headquartered asset manager Knight Vinke has turned to Ashurst for strategic advice on its focus on the UK’s biggest bank.
The shareholder activist now has the backing of […]
Combined third-quarter profits for HSBC USA and HSBC Finance Corp. fell 15.5 percent, as a tight profit margin, lower banking fees, higher operating expenses and higher loan losses offset growth in the company’s bank branch network, commercial lending, retail mortgage and credit card divisions.
The two U.S. units of HSBC Holdings Plc reported total profit before […]
THE LONDON-based bank, HSBC, opened its first branch in Bratislava June 16. The bank will provide corporate and institutional banking products to local and foreign clients as well as those planning to invest in Slovakia, the SITA news agency wrote. The new Bratislava branch director is Karel BureĻ, the former head of the […]
Lea Verny, head of investment banking at HSBC Russia, left the bank last week, having become the 12th top manager of the bank resigned during half a year. The experts say such numerous resignations signal that today’s bosses of Moscow HSBC don’t embrace the stake on large corporate clients in Russia.
A foreign bank with […]
By ROB JOHNSON
Staff Writer , Nashville Tennessean
Mortgage borrowers file RICO lawsuit
Two former Tennessee customers of nationwide mortgage lender Household International are charging in a Nashville federal court that the corporation was functioning as a racketeering operation when it offered misleading loan terms to its potential clients.
The allegations are, in part, a reprise of the charges […]
Best Buy credit backed by predatory lender Household International
Consumer lender Household International manages the Best Buy credit card.Household Watch consumer advocates reports alarming trends discovered by Best Buy credit customers. In an ongoing investigation forwarded to U.S. regulators Household Watch discovered that the problems are not limited to Best Buy, and are driven by […]
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 […]
Call somebody about this, anywhere in the world, for FREE
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.
We use your individual HSBC complaints and merchant complaint reports to perform trend analysis.
We are not associated with HSBC, Household International, or their merchants.
Some items are used by permission granted in the Fair Use guidelines of the 1976 U.S. Copyright Act.
