HSBC should have used a courier service but they tried to save a dollar (or pound) instead. HSBC faces the prospect of a Financial Services Authority (FSA) investigation and a hefty fine after it admitted that it had lost key details of 370,000 customers. HSBC is the latest financial services giant to be […]
A look at some of the high-profile corporate scandals of recent years and the status of legal action in each.
QWEST COMMUNICATIONS INTERNATIONAL INC. _ Former Qwest CEO Joseph Nacchio is indicted Tuesday on 42 counts of insider trading accusing him of illegally selling off $101 million in stock. In July, Robin Szeliga, former CFO, pleaded […]
BY SHERYL JEAN, Pioneer Press
A handful of top executives at Metris Cos. received pink slips Thursday as the credit card issuer became part of finance giant HSBC Group, and more are expected in the coming months. Chief Executive David Wesselink, credited with turning around a company once on the brink of bankruptcy, is gone. […]
No. 3 bank to buy MBNA, creating the nation’s largest credit card issuer; 6,000 jobs to be cut. “BofA leaves HSBC lagging behind, while making HSBC’s buyout of Household International a poorer business decision than originally thought” said advocacy group Household - HSBC Watch.
NEW YORK (CNN/Money) - Bank of America, betting that financial “supermarkets” […]
Consumer watchdog organization Household - HSBC Watch wants to clarify a question commonly asked on their consumer hotline. “Many people don’t yet realize that HSBC Finance is the former troubled and disgraced predatory lender Household International” said the group. “But if they are on our web site and calling our hotline they just […]
Hongkong and Shanghai Banking Corporation (HSBC), the parent company of predatory lender Household International, is making inroads into the United States. Already a banking giant with locations around the world, HSBC purchased Household International and therefore accepts the responsibility for the once troubled lender.
Allegations in one of most recently settled lawsuits against Household (Shea […]
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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.
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