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HSBC Prefers Expansion Over Acquisitions

NEW YORK (Reuters) - The chief of HSBC Holdings’s U.S. retail banking unit said on Monday he would prefer to expand existing businesses, including branches, rather than pay elevated market prices to grow by acquisition.
Martin Glynn, who runs HSBC Bank USA, also said his unit is faring about as well as big U.S. banks […]

HSBC Identity Theft and Late Payment Issues Most Concerning

An analysis of articles with the ‘Most Reads Per Day’ and total overall reads for the last year reveals problems with HSBC and their ability to accept online payments in a timely manner. Approximately 600 people per day visit Household - HSBC Watch, and clearly many of them are concerned with HSBC identity theft […]

American IronHorse HSBC Financing Rated Poor Choice

April 11, 2006–For the second time within a year, American IronHorse has inked a major financing deal aimed at empowering dealers and their customers to own more American IronHorse bikes. The company today introduced its first large retail financing package through a new agreement with HSBC-North America’s Retail Services business. The package offers special financing […]

Boscov`s Department Stores Signs With Predatory Lender

Boscov`s Department Stores, based in Reading, Pa., has agreed that HSBC-North America`s retail services business will run its credit program.

BDS customers will continue to accrue purchase points and enjoy other features of their existing Boscov cards, BDS said Thursday. BDS is the largest full-line, family-owned independent department store in the country, operating 40 stores in […]

Art Van Renews Contract With Predatory Lender

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 […]

HSBC Retail Services Renews Storehouse Furniture

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 […]

When Will HSBC Shut Down Household International?

“I have seen other companies pursue this strategy in the past, but I see it at a decreasing rate,” said Gary Hawkins of Hawkins Strategic. “It seems fewer are pursuing private-label credit cards today. Retailers just have not seen the relationship return from it.” “Private-label credit cards rarely capture more than 10 percent of […]

HSBC Finance Corporation In Detail Including DBA Names

Additional DBA (doing business as) Names:
Household Mortgage Services
Beneficial
Household Retail Services
Household Bank VISA
Household Finance Corporation
Household Finance Company
Household Bank FSB
Household Bank Na Illinois
Household Automotive Finance Corporation
H R S
Household Loan
Ameritech Complete Card
Union Plus Card
USWEST Mastercard
Capital Financial Services, Inc.
Union Plus Loan Program
GM Card
Beneficial Finance
Beneficial Illinois, Inc.
Household Finance
Household Finance & Subsidiari
Household Retail Service, Inc
Household Bank (SB, N.A.)
Household Bank Retail Services
Orchard […]

Bruce Hammersley Managing Director, Business Development HSBC Retail Services

PROSPECT HEIGHTS, Ill.–(BUSINESS WIRE)–March 1, 2006–HSBC North America Holdings Inc. announced the appointment of Bruce Hammersley to managing director, business development for retail services. He will lead the retail services team to acquire new merchant partnerships.

Hammersley began his career with the company in 1990 as manager, acquisitions and systems, for the former Household International’s […]

CCF (HSBC France) Uses Click to Call

One of the most profitable and largest banks in France, CCF was acquired by HSBC holding in Dec. 2000. CCF once used Click to Call to answer customer questions and expand online business.

As its name suggests, HSBC France (formerly CCF S.A.) represents the operations of big British bank HSBC in France. Rebranded in 2005, the […]