Household HSBC Watch

It seems like the Irish are not the only HSBC employees losing jobs. HSBC’s Livingston call center is closing. The bank said that although the staff would hopefully be absorbed within the company’s Scottish workforce it is no longer cost effective to keep the West Lothian location open. HSBC admitted that some […]

In another move designed to alienate customers HSBC will stop paying interest on current accounts. Not satisfied will aggravating customers in the United States with computer malfunctions that delayed direct deposits, HSBC found a way to anger even more customers. It is a trait learned from HSBC Finance. Granted, not paying […]

The difficulties of operating in unstable emerging markets was demonstrated this month when HSBC, amid an invasion by Russian forces, removed the family of its chief executive in Georgia from Tbilisi, two months after the bank’s $17 million start-up in the city had opened. HSBC said that it remained committed to operating in Georgia. […]

While I could literally fill up this entire website with a diatribe about employment issues at HSBC, I am going to try and focus on one area for now- my experience with their corrective action program. Just as HSBC bullies and pressures their customers into taking high interest and fee loans coupled with insanely […]

HSBC chairman Stephen Green said the US sub-prime crisis has forced banks into a ‘profound and secular’ rethink of their lending practices. That is a good idea that we have been harping on since the 1990’s. The United States government was harping on it too, leveling charges of predatory lending against Household […]

AK in Oregon sent this op-ed piece. We are publishing it here instead of in our complaints blog:
“HSBC- predatory lenders who slam insurance, offer over market rates and fees, and treat employees with disrespect.

When I started working at HFC I was just out of college. I was excited to have a job […]

An HSBC Finance employee advised us of this frightening move by HSBC, saying “As a current employee I am appauled to see Beneficial and HFC’s latest trick which seems to be avoiding federal caps on interest rates. As of May 5th they rolled out their new pricing sheets with rates set above the […]

HSBC was awarded a GBP 1 million grant in 2006 to create jobs in Scotland. Instead HSBC is closing a payment processing center in Livingstone, Scotland, leading a loss of 164 jobs. HSBC officially says the people can find other jobs in Scotland. I doubt that many would move to Edinburgh and […]

Subprime issues hit HSBC very hard in the United States, but an interview with Warren Buffets shows that HSBC’s problems are mounting at a rapid rate. Losing millions per day is one thing, but to watch losses rise rapidly is quite another. What HSBC once failed to realize is that their niche market […]

Investors are complaining about high pay and rewards for average performance as HSBC Finance pulled down all of HSBC aorund the world once again. Throwing $17 billion (USD) down the drain has a tendency to anger investors and customers. No one likes to associated with a loser. History shows us that HSBC […]