The economy is booming in Peru and HSBC is knocking at the door. HSBC plans to have 28 offices open in Peru by the end of this year, HSBC’s chief executive Michael Geoghegan told newspaper El Comercio. “This year we will end with 28 offices, and each year we will open 15 […]
If Arab nations have money and the United States is no longer profitable just refocus. If Islamic finance seems attractive in the U.K. and U.S. just focus on your new new friends. That is the business model for HSBC - the Hong Kong Shanghai Bank, headquartered in London and doing business in […]
As HSBC continues to hemorage red ink in the United States some are asking if HSBC will replace Chairman Stephen Green with CEO Michael Geoghegan. Under pressure from activists at Knight Vinke and others, it appears as though HSBC will make more changes. Some ask if ousting Green will be enough. […]
In past years as a former customer I felt cheated, swindled, and was lied to by HFC - Household International. No, I was not the victim of foreclosure. Nor was I duped by my Best Buy credit card interest free period. That happened to my wife. I admit my wife and […]
MICHAEL Geoghegan, chief executive at HSBC, has knocked back calls for Britain and Europe’s biggest bank to break itself up. Instead, he said that he would be working to see the various operations of the bank link together better, which could see a halving of staff at its London headquarters.
Consumer advocates in […]
While HSBC’s Michael Geoghegan talks about technology and streamlined operations, his own HSBC Finance Corporation still cannot credit payments in a timely manner. It also appears as though HSBC adds late payment fees after statements are printed but before payments are due. Doing so causes a cyclic problem for card holders. Geoghegan, […]
At the annual meeting in London, chief executive Michael Geoghegan dismissed critics who continue to question HSBC’s $14.8bn (£7.5bn) purchase of US consumer credit firm Household International in 2003, which many believe has exposed the bank to too much risky lending.
“Some commentators have asked should you be in this business?’,” he told shareholders. “Well, let […]
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When William F. Aldinger sold his scandal plagued predatory lending company, then called Household International, to HSBC Bank plc he knew he had to profit personally before the sham fell apart. An opportunist who profitted from running scams on borrowers, Aldinger’s departure left room for promotions in the […]
Tuesday, 06 December, 2005
Mr Dyfrig John, who served as an Executive Director with HSBC Bank Malta p.l.c. until May of this year, has been appointed as Chief Executive Officer at HSBC Bank plc. in the U.K. The appointment follows Wednesday’s announcement that Group Chairman, Sir John Bond, will be retiring in May 2006. Sir […]
Nov. 28 (Bloomberg) — HSBC Holdings Plc said Chief Executive Officer Stephen Green will become chairman, replacing John Bond. Green will take over as chairman when Bond, 64, retires in May after 45 years at the company, the London-based bank said in a statement today. Michael Geoghegan, head of the U.K. business, replaces Green […]
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An open letter to HSBC, Knight Vinke and Stephen Green
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