Household HSBC Watch

A customer in India (Madhya Pradesh) thinks HSBC has hidden international currency conversion charges. The customer claims he cannot get a straight answer. Here is his report so you can decide for yourself:

“I purchased an item using my HSBC credit card in US dollars on the Internet. The seller turned out to be […]

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. […]

Alex Hungate said: “I want to help HSBC grow by maintaining a relentless focus on the needs of its customers. In this role, with its combination of global leadership of the Personal Financial Services business plus the marketing function, I want to ensure that our services always deliver on the powerful promise of the HSBC […]

NEW YORK - A former HSBC Bank USA vice president pleaded guilty on Friday in Manhattan federal court to a conspiracy charge over his role in a $30 million telemarketing fraud targeting low-income people with poor credit histories, U.S. Attorney Michael Garcia said.

Raymond Payne, a 35-year-old Brooklyn, New York resident, admitted to one count of […]

June 28 (Bloomberg) — An employee of HSBC Holdings Plc’s Indian unit was arrested in Bangalore and accused of helping a group illegally withdraw 233,000 pounds ($424,747) from bank customers’ accounts, according to a police official. Nadeem Kashmiri, a 24-year-old employee of HSBC Electronic Data Processing (India) Private Ltd., was charged with hacking […]

Internet users in the UAE are being warned to be on their guard following a massive phishing scam targeting HSBC customers there. The phishing attack follows a reported hacking attack on Emirates Bank and a fraud incident in Dubai, where criminals captured card data and PIN numbers from an ATM using a pinhole camera […]

Both the Department of Justice and the Internal Revenue Service visited our website today. The IRS researched 1099 C (cancellation of debt) while the DOJ researched ‘HSBC Consumer Alert’. Since both areas are fully researched and documented by our staff we have material dating back to the old days when […]

Why did William F. Aldinger like Illinois as headquarters for Household International - a leader in predatory lending? Read on.

CHICAGO — Former Gov. George Ryan was convicted of racketeering and fraud Monday (April 17, 2006) in a corruption scandal that ended his political career in 2003. Ryan faces up to 20 years in […]

Sue Jex, HSBC’s Group Head of Diversity said “Employee diversity is critical for corporate success. At HSBC, being the world’s local bank means getting this absolutely right so that we successfully reflect and understand our local customer base. International Women’s Day provides HSBC with an excellent opportunity to globally support a wide range of women’s […]

A look at some of the high-profile corporate scandals of recent years and the status of legal action in each.

QWEST COMMUNICATIONS INTERNATIONAL INC. _ Former Qwest CEO Joseph Nacchio is indicted Tuesday on 42 counts of insider trading accusing him of illegally selling off $101 million in stock. In July, Robin Szeliga, former CFO, pleaded […]