Spelling lessons for everyone I say. An HSBC employee thought it prudent to comment on the misspelled words in our complaints blog. Needless to say we have many more emails now, since I published the suggestion. What the employee failed to consider are the reports we receive from HSBC employees and former […]
It reminds me of the old game we played when we were kids. The game where we had to pick out “the one that was different from all the others.” Banking industry leaders (their words, not mine) are calling for reforms. The proposals were put forward by a high-level group led by former […]
A former employee of HSBC in Florida sent us this opinion: “Ex-employee from HSBC, parent company of HFC/Beneficial collections team. First I would like to straighten some facts about prior to my bashing. This company is a pay for performance company and each employee has the bonus options. The better you […]
On the legal front it appears as though HSBC USA and HSBC North America Holdings have some explaining to do. In a recent court document it was discovered that the are actual two additional holding companies as part of HSBC in the United States. Why is that?
There are actually two additional US holding […]
How are HSBC and high gasoline prices related? Prices are driven by speculators. We “are experiencing demand shock from a new category of speculators: institutional investors like corporate and government pension funds, university endowments, and sovereign wealth funds,” said Michael Masters, managing member of Masters Capital Management, a Virgin Islands-based hedge fund. “Index […]
How are HSBC and high gasoline prices related? Prices are driven by speculators. We “are experiencing demand shock from a new category of speculators: institutional investors like corporate and government pension funds, university endowments, and sovereign wealth funds,” said Michael Masters, managing member of Masters Capital Management, a Virgin Islands-based hedge fund. “Index […]
HSBC has paid bonuses worth almost £30m to its staff, despite failing to meet the targets that should trigger the payments.
The bonus scheme is linked to the performance of the group’s shares. Britain’s biggest bank has been one of the poorest performing bank stocks in the world over the past 12 months, because of concerns […]
As predicted by our analysts here at Household - HSBC Watch, HSBC’s predatory profit is down. But first, read this article from Saturday, October 1st 2005 in which HSBC said less than one percent of accounts were effected by hurricane Katrina. Now read the newest news release below. Who is lying? […]
Kmart Holding Corp. is acquiring Sears, Roebuck and Co., in a surprise $11 billion deal that will create the nation’s third largest retailer, it was announced on November 17, 2004.
Only days after predatory lender Household Retail Services, now known as HSBC Retail Services, announced a deal with K-Mart to market a “K-Mart Rewards Card” the […]
When Household Finance Corporation, a wholly owned subsidiary of HSBC was re-aging accounts to prevent regulators from seeing the extent of bad loans, payments were collected and then sent back to the customer when the account was brought current by HFC.
At times HFC customer service representatives would call the customer demanding a payment, only to […]
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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.
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