Kudos to The Guardian for this article. As bad as finances are in the U.K. we found out that executive perks at HSBC remain untouched. The TUC PensionWatch report identifies a senior HSBC finance director who ‘receives an executive allowance of 55 per cent of annual basic salary to fund personal pension arrangements’. […]
It seems the FSA is busy in London. What theme seems to run through this article? It suggests there is a big difference between Islamic Finance in the Middle East and people named Mohammed running fraud schemes in London. In March, the FSA banned Andrew Talai Kiplimo, a mortgage introducer (a person […]
HSBC is proposing to raise the normal retirement age for its 58,000 UK staff to 65 from 60 and ask a third of employees to contribute to their final salary scheme. This comes only days after HSBC Plc approved much larger bonuses for executives. While the two may not even be related the […]
The issue will be approved or disapproved this Friday. Here is who would benefit and who would not benefit from a proposed pay and bonus structure at HSBC. HSBC’s chairman Stephen Green, who earns a basic salary of £1.25m a year, will not benefit from the bonus scheme. The bank’s chief executive, Mike […]
News from the U.K. this Thanksgiving day tells of how HSBC senior executives have been challenged over their proposed bonuses. Even though HSBC, “despite more than $20 billion (£9.7 billion) of provisions for credit and trading-related losses over the past two years”, possibly misled shareholders into believing that the executive bonus scheme was much […]
Thousands of university graduates have been left out of pocket after HSBC broke a promise of interest-free overdrafts and started charging bank fees. High street bank HSBC offered students an overdraft of up to £1500 for the first 12 months after leaving university without being charged an incentive to bank with them. Under the […]
See the latest about Bobby and TransUnion
HSBC has been one of the poorest performing bank stocks in the world over the past 12 months, because of concerns about its exposure to high-risk lending in the US - which forced it to issue the first profit warning in the group’s history. Even though HSBC’s decision […]
HSBC Bank (Malta) plc have launched a new finance scheme aimed at both prospective and existing boat and yacht owners. The Yacht Finance Scheme is the first Maltese banking product that is specifically designed to finance or refinance boats and yachts.
Speaking at the launch yesterday, HSBC chief executive officer Shaun Wallis said that Malta is […]
Radian Guaranty announced Monday results of a recent survey of adults nationwide, of whom two-thirds own their current home and 47% have a home mortgage. The study revealed that 52% of the participants said they were no more than somewhat knowledgeable about the mortgage options available to them at the time they purchased their homes, […]
The following was sent to the OCC and FBI on behalf of consumers:
Office of the Comptroller of the Currency
1301 McKinney Street
Suite 3450
Houston, Texas 77010-9050
And
Federal Bureau of Investigation
Attn: RICO Investigations
1300 Summit
Kansas City, Missouri 64105-1362
SUBJECT: HSBC NORTH AMERICA AND HSBC FINANCE CORPORATION
The purpose of this communication is to confirm the accuracy of consumer complaints relative to Household […]
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.
