Household HSBC Watch

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 […]

HSBC - North America announced enhancements to the refund anticipation loan product for the coming tax filing season.

These enhancements will provide clients convenient access to information about debts that could affect their tax refund loan. The enhancement will also provide an improved disclosure process to ensure clients can make the most informed decisions about […]

A Washington man is charged with racking up more than $75,000 in fraudulent charges over the past year by applying for and using credit cards for businesses he claimed to work for. The U.S. Attorney’s Office says the man — Shane Michael Renecker, 33, used the credit cards to buy computers and other items […]

June 30, 2005 - Many of the smaller and online banks say they expect to adjust their rates within days of a Fed rate increase. Since money-market mutual funds invest in short-term securities, a Fed move will be followed within weeks by an equivalent climb in their yields. For larger banks, the lag period can […]

2004 has come to an end as has the holiday buying season. The advertisers’ hard sell was a sight to behold. Financing plans, rebates, buy more flashier things. Make the retailers dreams come true. The holiday season is the basis for their annual sales figures. Was it a good season? […]

Kmart Holding Corp. is acquiring Sears, Roebuck and Co., in a surprise $11 billion deal that will create the nation’s third largest retailer, it was announced on November 17, 2004.

Only days after predatory lender Household Retail Services, now known as HSBC Retail Services, announced a deal with K-Mart to market a “K-Mart Rewards Card” the […]