Household HSBC Watch

Finally after years of advocating for consumers and performing watchdog functions Household - HSBC Watch is proud to announce that there will be oversight and monitoring of HFC, Beneficial Finance, and other HSBC holding companies.

Federal and state banking regulators on Tuesday said they would step up their scrutiny of lenders that make home loans […]

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 […]

The international bank, Hong Kong Shanghai Bank (HSBC), has decided to expand its operation in Pakistan and started negotiation to acquire Pakistani Prime Commercial Bank (PCB), a Pakistani newspaper reported on Friday. Negotiations have started between experts of HSBC and PCB’s high-level officials, and PCB has shown willingness to sell out its whole […]

June 1 (Bloomberg) — From their offices atop Tehran’s 15- story Sayeh Tower, HSBC Holdings Plc bankers have helped lend more than $825 million to the Iranian government, which the U.S. says sponsors terrorism and provided a haven to al-Qaeda members after the Sept. 11, 2001, attacks. HSBC is doing business in other countries […]

TESTIMONY OF
ELIOT SPITZER
NEW YORK ATTORNEY GENERAL
BEFORE THE ASSEMBLY STANDING COMMITTEE ON BANKS
REGARDING THE
OFFICE OF THE COMPTROLLER OF THE CURRENCY’S
PREEMPTION OF STATE CONSUMER PROTECTION LAWS

New York, New York
April 16, 2004
Good morning.
I want to thank Chairwoman Nolan and the other members of the Banking Committee for convening this hearing on a topic that is […]