This is from Fitch, on November 3: “Fitch Rates HSBC Automotive Trust 2005-3 [which] marks HSBC Automotive Finance Corp.’s (HAFC) 17th Fitch-rated securitization backed by retail loans to subprime borrowers… As of Oct. 23, 2005 (the cut-off date), the receivables consisted of $1.37 billion in loans to subprime borrowers with weighted average FICO scores of […]
Bon-Ton said Thursday it lost $1.4 million in the three months ended July 30, as compared with a loss of $388,000 in the same period in 2004. Total sales dropped 3.5 percent to $274.3 million. And same-store sales, an important measure of retail performance, declined 3 percent. Bon-Ton officials said the year-over-year comparison was […]
7/13/2005 - Metris has been notified that the staff of the Securities and Exchange Commission plans to recommend that a civil injunction be brought against the company for possible violations of federal securities laws. In a press release late Tuesday, Metris said it received what’s called a Wells notice from the SEC staff in […]
Effective June 2004, Household - HSBC is the third largest private label provider in the US with just under 15 billion in managed receivables, some 14.4 million active accounts, 60 merchant relationships and about 2,300 employees in seven locations.
Figures come from a special presentation on HSBC’s position in the US private label cards market given […]
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An open letter to HSBC, Knight Vinke and Stephen Green
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