Standard Chartered bank delivered a sparkling first six months, raising profits before tax by 32 percent. Increasing costs were all but totally offset by an increase in income, driven mostly by Standard Chartered’s wholesale-banking business. It is a far cry from the 29 percent tumble in earnings reported Monday by rival HSBC. HSBC policy […]
Doesn’t this just sound sweet as candy: “More than 5,000 employees from HSBC-North America’s HFC and Beneficial branches as well as HSBC Credit Centers will team up with Rebuilding Together and other community organizations nationwide in a wide variety of community service and environmental projects. The HSBC philanthropic initiative, called “Joined Up to Give […]
Customers of HSBC experience the highest rates of identity theft in the banking industry, according to an investigative study released Wednesday by a UC Berkeley Law School researcher. HSBC is clearly in the lead. Through an extensive Freedom of Information Act request, Chris Hoofnagle, a staff attorney at UC Berkeley’s Boalt School of […]
HSBC is pioneering an offshore legal function to service its UK volume legal queries, in a move that threatens to make corporate counsel the latest back-office commodity to be relocated to Asia. Now not only can customer service calls be answered in India, Malaysia or the Philippines, but legal queries might be off-shored. […]
Shifting political sands in America and Europe, especially after the 9-11 terror attacks and concerns of a probable slowdown in developed economies are encouraging Islamic investors to turn their focus into growth economies like India and China. Saudi Economic and Development Company (Sedco) and Bearys Group have come together to invest $20 million for […]
Eric Stein, senior vice president of the Center for Responsible Lending, said lenders who made high-interest rate loans to borrowers with weak credit are to blame for pushing homeowners into financial peril.
The Durham, North Carolina-based center projects that 2.2 million families will lose their homes due to a growing crisis in the subprime mortgage market […]
In a recent press release HSBC said:
“HSBC was the first international bank in the UAE to present its UAE national employees working in the Network Service Centre with ‘My Vision - challenges in the race for excellence,’ book written by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister of UAE and […]
HSBC Bank Plc came under fire for abusing the United States military, primarily through HSBC Finance Corporation which is former predatory lender Household International. Specific complaints of abuse come as no surprise to Household - HSBC Watch consumer advocates. The watchdog organization performs trend analysis, a project that charts detailed complaints over time. […]
Thailand, April 2005: HSBC expects to increase its credit card base by 40% to 450,000 by the end of the year, outpacing the projected 15% growth rate for the overall industry. Norman Cockerell, head of personal finance services, said credit cards would be the bank’s focus for expanding its personal banking presence in […]
Analysts said today that summer gasoline prices are expected to be about $2.25 a gallon for regular unleaded. Prices are projected to be $5 a gallon within two years, according to one survey. For consumers already experiencing the high cost of predatory loans such as credit card loans and predatory second mortgages, patience […]
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.
