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Buddies and favorites in the $700 billion plan

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 […]

HSBC hidden holding companies exposed

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 […]

HSBC Watch Volunteer Live at Midwest Orchids

One of our tireless volunteers now has a new web site of her own. Drew’s Midwest Orchids is now live online with a gardening section and various sections about orchids. You may have talked with Drew if you called our helpline. An orchid enthusiast, she is knowledgeable about all aspects of orchid growing. […]

Household International - HSBC North America Business Model Exported?

October 26, 2004:
Great Britain/U.K./United Kingdom -
CREDIT card bosses have faced fresh calls from MPs to implement measures to control consumer debt. Leading banks faced a grilling from the Treasury Select Committee today over the policy of unsolicited cheques sent out to customers.

Credit card bosses were told that their methods of calculating card charges […]