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Reuters Alex Hungate Moves to HSBC

Here is an article that caught our eye, given the number of self-seve self-centered articles we already see about HSBC. Are you sick and tired of PR Newswire articles, half of which are actually self-serving advertising generated by HSBC North America and HSBC Finance Corporation?

LONDON, Aug 6 - HSBC Holdings said on […]

HSBC Loss Set-aside Up 96 Percent

“What started in 1994 as predatory lending under then-CEO William F. Aldinger finally began to fall like feathers in the wind by 2007″ said Household - HSBC Watch. “People need to understand that HSBC Finance has a major credit card operation and they will try to make up earnings somewhere, and regulators seem […]

HSBC, First Direct to charge for current accounts

LONDON (Reuters) - HSBC Holdings has become the first major bank to say it will start charging for a current account, raising the prospect that other lenders will end free banking.

HSBC’s online banking arm First Direct is to charge 10 pounds per month for customers who do not deposit 1,500 pounds per month or maintain […]

HSBC Customers Open to Hacking, Fraud for 2 Years

LONDON (Reuters) - An online security flaw has left 3.1 million British customers of bank HSBC open to hacking and fraud for at least two years, the Guardian newspaper reported on Thursday. It said a group of researchers at Cardiff University had found that hackers could secretly record customers’ keystrokes and were then usually […]

HSBC to expand distressed debt fund

LONDON (Reuters) - HSBC, the world’s third biggest bank, plans to increase its distressed debt fund by up to one billion dollars within the next year, one of its top executives said on Wednesday.

Bill Maldonado, chief executive, Alternative Investments, HSBC Halbis Partners, said HSBC already had about $150 million invested in distressed assets, but there […]

HSBC to expand distressed debt fund

LONDON (Reuters) - HSBC, the world’s third biggest bank, plans to increase its distressed debt fund by up to one billion dollars within the next year, one of its top executives said on Wednesday.

Bill Maldonado, chief executive, Alternative Investments, HSBC Halbis Partners, said HSBC already had about $150 million invested in distressed assets, but there […]

HSBC says gay banker case fair but not perfect

LONDON (Reuters) - A senior HSBC executive told an employment tribunal on Thursday the bank’s handling of a sexual harassment case which led to the dismissal of a gay banker was not perfect, but had been fair.

Charles Laughton-Scott, HSBC’s deputy head of global banking, who handled a disciplinary appeal by Peter Lewis, the gay banker, […]

HSBC says COO to retire

Tue Jan 3, 2006 2:55 PM GMT
LONDON (Reuters) - Global bank HSBC Holdings said on Tuesday its Chief Operating Officer Alan Jebson will retire in May and that it had hired Simon Robertson, a former Goldman Sachs banker and chairman of Rolls-Royce , as a non-executive director.

HSBC <0005.HK>, the world’s third-largest bank, did not […]

UK Watchdog FSA Fines HSBC Again

LONDON (Reuters) - Britain’s Financial Services Authority (FSA) said on Wednesday it had fined global bank HSBC 100,000 pounds for failing to ensure the accuracy of transaction reports from its stockbroking unit.
“In July 2005 the FSA requested certain trading information from HSBC Stockbroker Services (HSS) which, when reviewed, revealed that HSS had reported the client […]

HSBC Finance Corp Income Down, Excuses Don’t Add Up

As predicted by our analysts here at Household - HSBC Watch, HSBC’s predatory profit is down. But first, read this article from Saturday, October 1st 2005 in which HSBC said less than one percent of accounts were effected by hurricane Katrina. Now read the newest news release below. Who is lying? […]