Household HSBC Watch

Another HSBC merchant is going out of busiiness. CompUSA, the computer retailer that Mexican billionaire Carlos Slim owned since 2000, will shut its doors after 23 years, succumbing to competition from Best Buy Co. and Wal-Mart Stores Inc. On the CompUSA website it says “Same as Cash offer on approved purchases made on […]

HSBC’s largest credit card customer is having a tough time lately. Best Buy Stores uses HSBC Finance for the Best Buy credit card. Will your payment will be processed ‘late’ even if it is not, making an additional $39 for Best Buy and HSBC? Some say it has been happening all along.

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Is HSBC North America in worse financial shape than previously suspected? An analysis of customer complaints for the first two months of 2005 focuses on HSBC Finance Corporation, which really is the previously troubled predatory lender Household International. Delays in processing payments well outside the guidelines prescribed in FDIC Regulation Z suggest possible […]

The Bank of England is ordering a freeze on any assets belonging to a terrorist group that claimed responsibility for kidnapping and beheading two Americans and one Briton in Iraq, Treasury chief Gordon Brown said.

Brown told lawmakers in the House of Commons Thursday that he had instructed the bank to direct all financial institutions in […]

Fears of a nationwide lawsuit against electronics retailer Best Buy, which has now been sued by two states for deceptive trade practices, fueled discussion among investors and watchdog organizations.

August 27, 2004: FTN Midwest Research on Friday said it cut its investment rating on Best Buy Co. Inc. to “neutral” from “buy,” citing concern that […]