Two months after rebranding its Colombian unit, the U.K.- based HSBC Holdings (HBC) is enduring its first strike led by workers seeking higher wages. The bank’s 750 workers in Colombia walked out Monday evening to demand an 8.5% pay raise this year, while the bank offers only inflation-rate increases, Fabio Arias, deputy president of […]
Jon White and his team at Beacon Hill Financial LLC have been unloading shares of exchange-traded funds concentrated in big banks they believe could wind up heavily exposed to subprime lending. Those include iShares Dow Jones US Broker-Dealers which White says has been a big player in bundling and reselling subprime loans in […]
WASHINGTON (Dow Jones)–HSBC USA Inc., a subsidiary of HSBC Holdings PLC (HBC), filed a shelf registration Wednesday with the Securities and Exchange Commission to sell an undisclosed amount of debt securities, preferred stock, warrants, purchase contracts and units.
The New York bank-holding company said it will use the net proceeds for general corporate purposes, which […]
SEOUL (Dow Jones)–U.K-based banking giant HSBC Holding Plc.(HBC) denied Thursday a local newspaper report that it may soon sign a memorandum of understanding to buy a controlling stake in Korea Exchange Bank (004940.SE), held by U.S.-based private equity investment company Lone Star Fund. The Korea Times reported Thursday, citing an unnamed executive at […]
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, […]
LONDON (Dow Jones)–HSBC Holdings PLC (HBC) said Thursday it would spend $1.59 billion in cash to acquire Metris Co. Inc. (MXT), the 11th-largest issuer of credit cards in the U.S.. The deal adds $5.9 billion in credit card receivables to HSBC Finance, the Prospect Heights, Ill.-based subsidiary that runs the bank’s U.S. credit card […]
July 07, 2005 09:34 ET — WASHINGTON (Dow Jones)–HSBC Holdings PLC’s (HBC) HSBC North America’s Retail Services Division received antitrust clearance from the Federal Trade Commission to buy the private-label credit card accounts and related assets of Neiman Marcus Group Inc. (NMGA) and its subsidiary Bergdorf Goodman Inc. The company said that under the […]
Thursday, June 09, 2005, 0743 GMT [Dow Jones] West LB sees HSBC Holdings (HBC) acquisitions of Neiman Marcus credit card for $640M as a positive, albeit of little impact. “This is in line with their group strategy; they’ve got a sizeable cards portfolio with some 50 million cards around the world in issue, and they […]
0846 GMT [Dow Jones] US federal judge blocks a proposed $360M settlement of a class-action lawsuit filed in Chicago against HSBC Holdings (HBC) unit HSBC Taxpayer Financial Services, and H&R Block related to refund anticipation loans, H&R Block said Fri. HSBC not immediately available to comment. “Could the settlement turn out to be larger? Potentially,” […]
Dow Jones, CBS News, and HSBC USA were all browsing Household - HSBC Watch at the same time this morning. The State of Florida and the State of Ohio came online shortly thereafter.
On a cold December morning which is actually the last Wednesday of 2004, the popularity of Household - HSBC Watch continues to […]
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.
