HSBC needs every dime, dollar, pound, and pence they can make. It appears as though HSBC is saving money by forgetting to date their credit card offers, but you can be the judge: “Last year, I applied for a Best Buy RewardZone MasterCard, for which I was told, and the paperwork confirmed, that […]
A drug dealer spreads poison through the neighborhood while encouraging thefts, robberies, and burglaries to pay for the drugs. Drugs poison our neighborhoods, cities, and towns. Investment banks and global banks are no different if they sold poisoned merchandise. Take the case of Lehman Brothers. Lehman was the dominant marketer of […]
HSBC Holdings and an unidentified Chinese bank are among potential buyers of Lehman Brothers, South Korea’s Chosun Ilbo newspaper reported on Wednesday, citing a financial industry source. State-owned KDB confirmed on Tuesday it was in talks with Lehman. Lehman prefers KDB over other contenders as KDB plans to keep its current management after […]
With foreclosures on the rise, billions in losses, and hundreds out of work as HSBC closes branch offices and their auto finance business, here is a “fresh” idea from HSBC. Let them listen to music. It is similar to “let them eat cake” but with a twist. ( Jean-Jacques Rousseau wrote, “At […]
“It is clear that growth models in our industry based on high and increasing leverage will no longer be sustainable,” said HSBC chairman Stephen Green. Changes are being made at HSBC, partly to appease Knight Vinke. Don’t tell Green, however, because he wants the world to think it is all his idea. […]
We like developing nations, said HSBC. It is a matter of risk and reward, or as others see it, less risk because laws are less stringent. HSBC is not doing well in Korea, as the acquisition of KEB stalls. Charges of KEB Card stock price manipulation, links to the United States through […]
AK in Oregon sent this op-ed piece. We are publishing it here instead of in our complaints blog:
“HSBC- predatory lenders who slam insurance, offer over market rates and fees, and treat employees with disrespect.
When I started working at HFC I was just out of college. I was excited to have a job […]
This is a classic example of how the subprime mess spun out of control. It is a classic example of how state regulators are continually frustrated by federal regulators and their desire to overrule state-level laws. Anyone who thinks they can get results from a local Better Business Bureau, when federal and state […]
Cassandra was the young and beautiful daughter of Priam, the last king of Troy. Apollo bestowed upon Cassandra a special gift—the ability to see the future. The problem with the gift was she could see the future but could not do anything about it. Analysts and economists said for many years that […]
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 […]
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An open letter to HSBC, Knight Vinke and Stephen Green
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