Household HSBC Watch

HSBC bought a failure in 2003 when the bank bought Household International. Why couldn’t HSBC turn the failure in to a profit center? Because real bankers do not understand finance companies. London was far removed from a branch manager trying to collect from a customer. Simply said, when HSBC bought William […]

Today is not a good day for HSBC, leaving the bank in a position it may have never anticpated. Layoffs continue at HFC and Beneficial Finance branches in the United States, Goldman Sachs said HSBC may be required to set aside another $12 billion for subprime bad debts, and HSBC kept two SIVs solvent […]

Household - HSBC Watch consumer advocates said for years that a combination of high HSBC interest rates, questionable payment processing and troubled merchants is a bad combination for customers and credit card holders.

Add Storehouse to HSBC’s list of merchants, also known as troubled companies that need every dime of ill-gotten gains ot stay in business. […]

North America’s retail services business (NYSE:HBC) has extended its long-term agreement with Art Van Furniture to provide a private label credit card program. Ranked 12th in Furniture Today magazine’s “Top 100 U.S. Furniture Stores,” Art Van operates 29 stores in 28 cities throughout Michigan.

Since 1980, HSBC and Art Van have partnered to offer Art […]

PROSPECT HEIGHTS, Ill.–(BUSINESS WIRE)–March 21, 2006–HSBC - North America’s retail services business has signed a multi-year agreement to renew its retail credit program with Storehouse Furniture Inc., a leader in well-designed, well-priced contemporary furnishings. Storehouse, recognized as one of the top 100 furniture stores in America, is a Winner of the American Furniture Award from […]

HSBC Business Credit (USA) Inc. has closed its Kansas City office, a spokeswoman for the unit’s New York-based owner said Thursday. Pamela Plehn said the operation shifted to Buffalo, N.Y. Plehn said that she didn’t know how many people HSBC’s Kansas City office had employed but that it was a small number. […]

A look back at 2005 shows HSBC Finance Corporation’s merchants for what they really are. Ever wonder why this bumbling group of merchants decided to align their customers with a predatory lender such as Household International? Through questionable credit card processing, first with Household International and now with HSBC Finance Corporation (they […]

Carl Prindle is one of those people who believe we’re in the midst of a Web renaissance, a moment at which companies are finally figuring out how to actually deliver on the carbonated promises of the bubble years. His company, Waltham-based Furniture.com, was an emblematic late-1990s start-up: Backed with more than $100 million in venture […]

PROSPECT HEIGHTS, Ill., Oct. 3 /PRNewswire/ — HSBC - North America’s
retail services business has renewed its alliance with Gardner-White Furniture
to manage the company’s private label credit card program. Gardner-White is a
leading furniture retailer based in metro Detroit. The new agreement extends HSBC Retail Services’ six-year relationship with Gardner-White. Since 1999, the Gardner-White […]

This is a list of popular search terms from the past week, as reported by Google and sorted by the number of searches. Since we are HSBC Watch it is no surprise that HSBC is the number one search term. The others are interesting.

HSBC
Furniture
Buy
Best
Credit
NV
LVNV
Funding
Services
Retail
Card
Sherman
Household
Complaints
Rhodes
Bank
www.hrsaccount.com
Acquisitions
Yamaha
HRSI
Account
The information is current as of September 18, 2005.