HSBC and activist investor organizaiton Knight-Vinke have been challenging each other for quite some time. This past weekend Knight-Vinke said “‘The dismissive comments in your letter conveyed a worrying degree of complacency. I hope this is just a matter of tone and not of substance.” The same United States division of HSBC […]
Never mind the U.S. subprime crisis, or the 100,00 plus who loast their jobs. Disregard the economic impact around the world. HSBC seems to be doing so, once again publishing nothing but good news. We see how HSBC gave a zoo hospital a boost, how well HSBC is doing with LBO’s, and […]
Eric Stein, senior vice president of the Center for Responsible Lending, said lenders who made high-interest rate loans to borrowers with weak credit are to blame for pushing homeowners into financial peril.
The Durham, North Carolina-based center projects that 2.2 million families will lose their homes due to a growing crisis in the subprime mortgage market […]
The announcement that CompUSA is closing 126 stores signals another troubled merchant in the HSBC credit card private label program. HSBC Finance Corporation, which is also involved with troubled sub-prime mortgages, provides the CompUSA credit card. As customers complain about poor credit card servicing some experts maintain HSBC is responsible for CompUSA customer […]
HSBC BANK that has offices in 77 countries, claims to be a ’socially responsible corporation’. However, this doesn’t seem to apply to the humanitarian plight of Palestinians living in the Gaza strip and the Israeli occupied West Bank territories.
According to the charity Oxfam, HSBC has charged the European Union (EU) £1.9 million in bank charges […]
This customer report is alarming and very revealing. It is consistent with reports since 1994. It also supports charges against HSBC and Household International in Shea vs Household (HSBC). Clearly and without doubt HSBC is lying to this customer. Here is the report:
I feel I am being taken for a […]
June 1, 2006–The board of directors of Capmark Financial Group Inc. (”Capmark”) today announced the appointment of William F. Aldinger, III as president and chief executive officer of the company, effective immediately. Aldinger, responsible for the most suits, settlements and foreclosures as a financial services industry executive, also has joined the company’s board of directors. […]
April 5, 2006 — HSBC North America Holdings Inc. announced that it has appointed John (Jack) McGinnis to be its controller. Also announced was the promotion of James Binyon to be chief accounting officer of HSBC Finance Corporation, the consumer finance subsidiary of HSBC North America Holdings Inc.
In the new position of controller, McGinnis […]
Read the last paragraph of this press release. As you read this article remember that HSBC North America Holdings is, in part, former predatory lender Household International sporting a new name.
PROSPECT HEIGHTS, Ill. and NEW YORK, Dec. 23 /PRNewswire-FirstCall/ — HSBC — North America Holdings, Inc. and American Express today announced an […]
A former Buy Buy executive is now CEO of Circuit City, as Circuit City turns from losses to profitability. That’s one CEO that knows not to align his Circuit City customers with predatory credit cards and predatory lending. The Best Buy credit card is managed by Household Internaitonal but the new name of […]
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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.
