Neiman Marcus has settled a lawsuit with HSBC Finance, the operational unit of HSBC formerly known as Household International. The lawsuit pertained to private label credit cards - the cards issued by HSBC Finance (HSBC NV) containing the Neiman Marcus name instead of HSBC’s name. Part of HSBC’s private label credit card agreements […]
HSBC rose in Hong Kong as investors think losses are overdone (overstated), and investors are thrilled at the prospect that HSBC has a firm offer for banks in France. There may be more to losses than meeets the eye, and investors will not be very happy if some people are correct. Simply stated, […]
As HSBC seeks to raise money in the United States, primarily through HSBC Finance, the number of complaints continues to rise. Advocates at Household - HSBC Watch say the number of complaints received on a daily basis is at the highest in five years. Disappointment with HSBC credit cards and merchant credit cards […]
Neiman Marcus is facing off with HSBC Finance - formerly known as predatory lender Household International. What do Neiman Marcus customers have in common with subprime, predatory lending, and late application of payments? Absolutely nothing, but Neiman Marcus selected HSBC Finance as their private label credit card processor. We questioned the move […]
HSBC Bank Nevada, N.A. issues Neiman Marcus and the Bergdorf Goodman private label credit cards, each of which allows you to charge purchases from The Neiman Marcus Group, Inc. (“Neiman Marcus Group”), which includes Bergdorf Goodman, Inc., and their various affiliated companies. These companies have been added to the merchants list at Household- HSBC […]
July 07, 2005 09:34 ET — WASHINGTON (Dow Jones)–HSBC Holdings PLC’s (HBC) HSBC North America’s Retail Services Division received antitrust clearance from the Federal Trade Commission to buy the private-label credit card accounts and related assets of Neiman Marcus Group Inc. (NMGA) and its subsidiary Bergdorf Goodman Inc. The company said that under the […]
Thursday, June 09, 2005, 0743 GMT [Dow Jones] West LB sees HSBC Holdings (HBC) acquisitions of Neiman Marcus credit card for $640M as a positive, albeit of little impact. “This is in line with their group strategy; they’ve got a sizeable cards portfolio with some 50 million cards around the world in issue, and they […]
The deal includes about 3 million credit card accounts for Neiman Marcus and its Bergdorf Goodman stores. Much to the dismay of informed consumers, the sale is perceived by many as sacrificing customer data and credit scores to HSBC, as processing of accounts will actually be handled by HSBC Finance Corporation. That […]
DALLAS (AP) - High-end department store retailer Neiman Marcus Group Inc. said Wednesday it is selling the company’s private-label credit card accounts to British banking firm HSBC Holdings PLC for $527 million. “‘British banking firm’ is the first step in denial for HSBC, as consumers will soon know their accounts are actually serviced by […]
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.