Household HSBC Watch

HSBC Holdings Plc, Europe’s biggest bank by market value, may report its sharpest decline in profit since 2001 as costs for bad U.S. loans increased. Another fine job by HSBC in the United States while helping to ruin the U.S. economy, devastate inner cities and destroying confidence in subprime markets around the world. HSBC, […]

Britain’s economic expansion has been hurt by the crisis in the financial markets, Treasury chief Alistair Darling warned, apparently signaling a reduction in the growth forecast for 2008. His remarks came ahead of a crucial budget report to be delivered next week.

HSBC, the nation’s largest bank, said that Britain faced investor flight in the […]

The fire sale in mortgage securities has yet to begin. But it’s coming. The implications for the rest of financial markets aren’t clear but when confidence is shaken in one market there usually is collateral damage. Certainly, many Americans will make their mortgage payments as they always have. But the $US1.5 trillion ($1700 […]

Take a look at William Aldinger’s Household International from 1999 through 2002.
From March 9, 1999 — The Board of Directors of
Household International, Inc. (NYSE:HI) today authorized the
repurchase of up to $2 billion worth of the company’s outstanding
common shares. At current prices, this would represent over
10 percent of the company’s outstanding shares. Purchases will
occur […]

Oct. 26, 2005–Fair Isaac Corporation, the leading provider of analytics and decision technology, today announced that London-based HSBC Holdings plc (HSBC), one of the world’s largest banking and financial organizations, has implemented Fair Isaac’s Fraud Predictor with Merchant Profiles. The next-generation fraud detection solution will provide HSBC with advanced capabilities for cutting fraud losses and […]

HSBC Bank USA has named Thomas M. Neale to oversee efforts to build a commercial banking presence in Maryland, Washington, D.C., and Virginia. Neale will lead HSBC, a unit of one of the world’s largest financial companies, in its push into the lucrative mid-Atlantic market. He comes to HSBC from Wachovia Corp., where he […]

May 17, 2005 — The Financial Services Authority (FSA) has warned that offshore outsourcing can damage market confidence and consumer protection and hinder the ability to reduce financial crime. In a report published last week, the regulator says businesses that use offshore companies can struggle with the complexity of achieving suitable management and […]

Jeannine Aversa, AP Economics Writer said on March 20, 2005 “if foreign investors were to lose some of their appetite in accumulating dollar-denominated assets at the current rapid rate and unload their holdings, the prices of U.S. stocks and bonds could plunge. And, interest rates — including those for mortgages — could soar. […]