It has been published elsewhere but we must add this HSBC article: An HSBC clerk who attempted to steal £72m while working in the bank’s Canary Wharf headquarters has been sentenced to nine years in prison for conspiracy to defraud and money laundering. Jagmeet Channa had sent €60m (£47.7m) to one of Société […]
HSBC is pioneering an offshore legal function to service its UK volume legal queries, in a move that threatens to make corporate counsel the latest back-office commodity to be relocated to Asia. Now not only can customer service calls be answered in India, Malaysia or the Philippines, but legal queries might be off-shored. […]
Burnt by subprime issues HSBC turned to emerging nations for profits. Islamic banking is but one growth area for HSBC. HSBC Bank Malaysia Bhd’s Islamic banking business is expected to record double-digit growth. Malaysia is a huge market for Islamic banking products, ranking number one for the issuance of sukuk or Islamic […]
It looks like HSBC may have found a niche that works better than United States subprime loans. Here is how the ploy actually works: Sell one product and up-sell or cross-sell as many other products as you can. HSBC said they would export the “Household International” model to developing nations. (Some […]
We looked at Google News a few minutes ago, as we do about 20 times a day. We have custom categories for “HSBC” and “Household International” and Google News shows us four headlines per section. The problem is that HSBC can issue enough warm, fuzzy, and cuddly press releases that you don’t see […]
Watchdog organization Household - HSBC Watch says recent developments at HSBC prove the bank is out of touch with U.S. customers. The group cites reasons why HSBC has alienated many Americans from every walk of life.
In a post-911 society where the war in Iraq and Afghanistan is on television every day, HSBC announced heavy […]
Here is an interesting HSBC article from London:
Britain’s biggest bank is diverting poorer customers to foreign call centres while more profitable clients are dealt with in the UK. HSBC has admitted filtering calls from its 8.5million customers with current accounts and transferring them after assessing factors such as monthly income and credit rating.
The […]
HSBC Bank Malaysia Bhd is confident of emerging as one of the country’s top two banks with the highest number of credit cards in circulation when it reaches its one millionth card in the next two months.
It currently ranks third, behind rivals Citibank Bhd and Malayan Banking Bhd, with more than 970,000 credit cards in […]
London-based HSBC bank noted that success in 2005 was attributable to the escalating growth in the emerging credit card markets including India, Indonesia, Malaysia and the Philippines. It stated that over 2005 credit card spending in the Philippines grew at 82% while in India it grew by 62%. In terms of credit card receivables, the […]
KUALA LUMPUR: HSBC Bank (M) Bhd aims to have one million of its credit cards in circulation in Malaysia by the year’s end. Currently, it has more than 950,000 credit cards in circulation. The bank’s head of cards, Linda Yip, said the new campaign would offer promotions and discounts, and a contest for users. […]
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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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