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HSBC accused of money laundering in Israeli deal

We are not sure how this will reflect on HSBC and their big push for Islamic banking but it is nice to see HSBC is also a correspondent bank for Israel. In France big problems for Societe Generale continue, but HSBC is interested in the bank. Perhaps HSBC will try to buy their […]

HSBC disregards consumer confidence

We said for months that the UK is a bellweather for the United States. That is why this piece of logic is disturbing. UK consumer confidence stabilized this month after falling to a 12-year low during the crucial Christmas shopping period in December, figures showed today. Karen Ward, economist at HSBC, said […]

HSBC Plc failed, let HSBC Finance employees down

Consider the direction taken by Wells Fargo which insulated Wells from the current subprime mess. Now consider the position of HSBC Plc, and specifically HSBC Finance. Consider, if you will, the people facing uncertainty and rumors of layoffs. HSBC Plc failed the employees of HSBC Finance and former Household International employees. […]

Free Widgets for Wes Streeting HSBC Protest

Forget old-fashioned occupations and sit-ins: student protest has gone “viral”. Online networking phenomenon Facebook has emerged as the venue for a rapidly proliferating campaign that has already brought in thousands of recent graduates. It’s called “Stop the Great HSBC Graduate Rip-Off!”

We recommend adding Jaxtr to your Facebook account. With Jaxtr you can add a […]

Bellingham Article Places HSBC’s Household International at Scene of the Crime

Reporter John Stark of the Bellingham Herald has been monitoring Household International and HSBC almost as long as we have here at Household - HSBC Watch. A consumate professional, we’ve talked with Mr. Stark from time to time over the years. That’s why an article published this morning in the Bellingham Herald […]

Sri Lanka Treats HSBC Cardholders Better Than U.S. Cardholders

In Sri Lanka HSBC credit card customers are far ahead of those in the United States. When one reads our “Live Complaints” section you see that Americans who have store credit cards cannot pay their bill at the store. A store credit card is, for instance, a Best Buy or Menards or Costco […]

HSBC Security Breach - Customers Not Notified

HSBC Group’s Australia account holders are outraged that the bank didn’t bother to contact a single customer in the wake of a serious security breach new which exposed banking details, names and home addresses, as well as other financial information.

Customers labelled the bank’s handling of the breach a “disgrace” accusing HSBC of favoring commercial interests […]

AT&T in campaign and the real truth about AT&T

AT&T Corp. said Thursday it will unleash the biggest ad campaign in the company’s 120-year history to strengthen its famous brand name. The old Ma Bell was recently acquired by SBC Communications Inc. in a $16 billion deal. SBC, itself once part of the old AT&T, then took on the AT&T name. The […]

Duped and Deceived by Household - HSBC Popular

With only eleven replies but 6300 page views our forum topic titled “Duped and Deceived by Household” is one of the main stories peole read when visiting Household - HSBC Watch. The complete thread includes complaints from customers, a weak defense by an employee of the company, and input from former employees of Household […]

indirectly wholly-owned subsidiary - HSBC Again

Brokerage services are offered by HSBC Brokerage (USA), Inc., member NASD/SIPC, a wholly-owned subsidiary of HSBC Markets (USA) Inc. and an indirectly wholly-owned subsidiary of HSBC Holdings plc

“We are reluctant to put this in our “How it works” category since it sounds like a sham. As an indirectly wholly-owned subsidiary, but of what? […]