HSBC Holdings PLC isn’t interested in buying Morgan Stanley, a person familiar with the bank said Friday. “HSBC has made clear in the past that buying an investment bank is not on its agenda,” the person added. “HSBC feels Morgan Stanley is not worth pursuing.” It appears as though HSBC is not interested […]
HSBC Finance Corp is the new name for predatory lender Household International.
PROSPECT HEIGHTS, Ill.–(BUSINESS WIRE)–Dec. 1, 2005–HSBC Finance Corporation, (NYSE: HBC) the consumer finance arm of one of the world’s largest financial services companies, today announced the closing of its acquisition of Metris Companies Inc. (NYSE: MXT)
The total consideration paid by HSBC to Metris […]
Credit card issuer Metris Cos. has said the U.S. Securities and Exchange Commission staff does not plan to recommend enforcement action against the company related to an investigation of its financial accounting dating to 2001. The SEC still must review the recommendation and make a final decision. The resolution of the investigation and possible charges […]
Merger Update
On August 4, 2005, Metris Companies Inc. announced a definitive agreement for HSBC Finance Corporation to acquire Metris in an all-cash transaction. Metris will become a wholly owned subsidiary of HSBC Finance Corporation upon completion of the transaction. The acquisition is subject to certain conditions, including resolution of the potential civil injunctive action […]
NEW YORK–(BUSINESS WIRE)–Sept. 13, 2005–HSBC Bank USA, N.A., (NYSE: HBC) the U.S. banking unit of one of the world’s largest financial services companies, today announced it has begun issuing new debit cards that feature MasterCard(R) PayPass(TM) contactless payment technology to its new and existing customers. With the issuance of these new contactless payment cards, HSBC […]
Is India processing your credit card payments? Most likely they are since they are doing work for the three largest credit card companies. Will HSBC Finance Corporation outsource their jobs and new Metris jobs to India? Time will tell, but wages are one-fifth of U.S. wages.
Nilesh Kothari, chief operating officer of Hero ITES, […]
The U.S. credit card industry had seen consolidation in the last two months. Bank of America Corp. has bought MBNA Corp. for $35 billion in June and Washington Mutual Inc. has agreed to buy Providian Financial Corp. for $6.45 billion. HSBC is consolidating its reach in the U.S credit card industry. It is acquiring […]
Call somebody about this, anywhere in the world, for FREE
An open letter to HSBC, Knight Vinke and Stephen Green
We monitor customer trends for possible violations of Regulation Z and other possible illegal actions.
We use your individual HSBC complaints and merchant complaint reports to perform trend analysis.
We are not associated with HSBC, Household International, or their merchants.
Some items are used by permission granted in the Fair Use guidelines of the 1976 U.S. Copyright Act.