The Philippine peso may slide 14 percent against the dollar to a three-year low by June 2009 as the nation’s trade deficit widens and foreign investors shun local assets, according to HSBC Holdings Plc. It is not good news for workers. HSBC Philippines is not just a call center. HSBC Philippines is […]
Recently we received complaints about many merchant credit cards managed by HSBC. In fact we receive reports weekly, but we wonder about HSBC Finance and the HSBC technology. One customer said “I went on line two days before my bill was due to pay it and was told that I had to pay […]
Analysts say that HSBC Holdings PLC (HBC) will again show large losses in the U.S., although these should be absorbed by stellar performance in Asia. Stellar, absolutely stellar. Except in the United States. As gasoline prices set an all-time record high many customers of HSBC Finance are finding it difficult to […]
The theory is to snowball the court with fluff, chatter, a mountain of documents, and very boring testimony. Such was the case when HSBC and Decisioning tried to convince the court that Macy’s / Federated department stores held invalid patents. The appeals court saw it differently. The U.S. Court of Appeals […]
HSBC Holdings Plc’s rescue of its Asscher Finance Ltd. structured investment vehicle will mean 70 percent losses for bondholders including a Spanish unit of Credit Suisse Group. London-based HSBC is restructuring Asscher to prevent it from having to sell assets at fire sale prices to repay maturing debt. Asscher has $5.9 billion of debt […]
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 Holdings Plc fell by the most since the Sept. 11 terrorist attacks on concern that a possible U.S. economic recession may hurt demand for loans and financial services. HSBC has fallen 21 percent this year as shares of financial services companies plunged worldwide on concern that more losses related to the U.S. subprime […]
Rumors abound about HSBC and HSBC Auto Finance, a subsidiary of HSBC Finance. This is another division that was part of Household International, and thus called HSBC Auto. The main complaint about HSBC Auto concerns lien releases, or the lack of them. It was a problem when Household International owned the […]
SIVs were unable to finance themselves as subprime losses prompted investors to retreat from all but the safest of securities. Three SIVs have defaulted and others are being bailed out by their sponsors. The world’s 30 SIVs have about $300 billion of assets. SIVs sell short-term debt and invest the proceeds in higher-yielding securities.
Citigroup […]
HSBC Plc once said it does not lobby for change, but Household International certainly did. Even after HSBC bought Household International the spending continued. In 2005 total lobbying expenditures were $2,780,000. Thanks to Open Secrets we also discovered that lobbying for HSBC North America increased to $3,760,000 in 2006. This link […]
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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.
Some items are used by permission granted in the Fair Use guidelines of the 1976 U.S. Copyright Act.
