Household HSBC Watch

More U.S. banks may fail after the collapse of mortgage lender IndyMac Bancorp Inc, straining a financial system seeking stability after years of lending excesses. More than 300 banks could fail in the next three years, said RBC Capital Markets analyst Gerard Cassidy, who had in February estimated no more than 150. Face […]

Several HSBC websites are subject to scripting flaws that create a possible mechanism for crooks to create more convincing phishing scams. Security blog xssed.com has posted a list of affected domains, which include HSBC sites in multiple territories including the UK. Xssed has been tracking problems on the bank’s sites since last year. The […]

We invite everyone to rate their HSBC backed credit card at Household - HSBC Watch. Here are the ratings thus far:
The best: 14% (351)
Good: 7% (176)
Fair: 6% (152)
Poor: 14% (356)
Totally Unprofessional: 60% (1541)
Total Votes : 2576

The number in parenthesis is the total number of votes for the category. It seems like a […]

Updated: 09/20/07 6:56 AM - HSBC Bank USA will pay $10.5 million in fines and penalties to the Securities and Exchange Commission for negligently allowing its name and logo to be used in connection with an alleged Miami-based investment fraud targeted at Central and South American investors.

Under the settlement agreement announced Wednesday, the U.S. […]

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 […]

HSBC and Vodafone have pulled advertising from social network site Facebook over concerns that their ads were appearing next to a far-right British political party’s content. Mobile phone giant Vodafone and HSBC’s online banking arm First Direct suspended their Facebook ads, fearing their brands would be sullied if linked to the British National Party […]

No matter how you spell it around the world - subprime, sub-prime, or sub prime - it is still a concern for the largest banks in the world. Four of the five, however, are not very concerned as limited exposure and a weak dollar put them in a great position. HSBC, reporting today, […]

HSBC (Hong Kong Shanghai Bank Corp) has been dealt a major blow to its expansion plans in China. Its main domestic partner, Chinese lender Bank of Communications, has been reclassified as a large state-owned bank, which protects it from a foreign takeover.

Three years ago, HSBC paid $1.75 billion for a nearly 20% stake in […]

Combined third-quarter profits for HSBC USA and HSBC Finance Corp. fell 15.5 percent, as a tight profit margin, lower banking fees, higher operating expenses and higher loan losses offset growth in the company’s bank branch network, commercial lending, retail mortgage and credit card divisions.
The two U.S. units of HSBC Holdings Plc reported total profit before […]

One of the most profitable and largest banks in France, CCF was acquired by HSBC holding in Dec. 2000. CCF once used Click to Call to answer customer questions and expand online business.

As its name suggests, HSBC France (formerly CCF S.A.) represents the operations of big British bank HSBC in France. Rebranded in 2005, the […]