Although the credit quality problems at HSBC Finance appear to have tempered management’s enthusiasm for cheap acquisitions of distressed assets, HSBC wasted no time in complaining about wording in the US government $700 Billion bailout. The issue was the wording of “Headquarters in the United States.” As lawmakers and Financial chiefs worked on […]
Iran has withdrawn around $75 billion from Europe to prevent the assets from being blocked under threatened new sanctions over Tehran’s disputed nuclear ambitions, an Iranian weekly said. Where will Iran put the money? We researched news articles from Manama Bahrain and other Middle East nations. We must raise the question on […]
In the earthquake shattered region of China people are suffering and donations are being received. The Chinese, however, are saying that major banks such as HSBC are donating very little compared to what they actually make. National Business Daily (NBD) pointed out that these overseas financial firms, which include HSBC, Goldman Sachs, and […]
Isn’ this sweet: The Hongkong and Shanghai Banking Corporation (HSBC) Ltd in Bangladesh has awarded the winners of the HSBC Wedding Loan Promotion through a small ceremony held in Sylhet recently. We propose a promotion in the United States. It would be called the ‘HSBC Process Your Payment Correctly’ promotion. That […]
If Arab nations have money and the United States is no longer profitable just refocus. If Islamic finance seems attractive in the U.K. and U.S. just focus on your new new friends. That is the business model for HSBC - the Hong Kong Shanghai Bank, headquartered in London and doing business in […]
HSBC may be bleeding from the eyeballs in the United States like an ebola outbreak, but in China HSBC will target rich Chinese. HSBC Holdings Plc. said on Monday it had set out an aggressive plan to increase its banking network in China next year. HSBC wealth management centers target HSBC’s “premier customers” […]
Here is an article we expected so see about two months ago. It is also published on Mortgage Blues. Insiders at HSBC say we should look for more changes and cutbacks from HSBC in the United States as the bank’s image has been tarnished by predatory lender Household International, and as more people […]
It was inevitable and we talked about it since 2002. HSBC bought predatory lender Household International in late 2002 and finalized the purchase in early 2003. Name liability and associating HSBC’s name and reputation with shady lender Household International was not wise. Ignoring the obvious, HSBC started to become associated with income […]
HONG KONG — HSBC Holdings PLC plans to restructure its personal-banking operation in Hong Kong and the Asia Pacific region into two separate operations, Ta Kung Pao reported Tuesday. The newspaper cited Hongkong & Shanghai Banking Corp. Chairman Vincent Cheng as saying the split will make it easier for HSBC to focus […]
The U.S. division of HSBC Holdings PLC won federal approval to open a new bank branch, the Treasury Department’s Office of the Comptroller of the Currency said. The OCC said in a weekly bulletin of regulatory activity, released Wednesday, that HSBC National Bank USA’s request was approved July 10. The new branch will […]
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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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