HSBC has been criticized by some analysts for the purchase of Household. Merrill Lynch & Co. and at least six other brokers cut their 2005 earnings estimates for HSBC on March 1, a day after the bank reported the slowest earnings growth in 2 1/2 years as earnings from consumer lending in the U.S. declined. […]
Legal experts remind consumers that US law allows judges to triple the damage awards in RICO (racketeering, influence and corruption) cases. Currently Household International, a predatory subsidiary of HSBC, is charged under RICO in two cases. One is Beneficial Finance and H&R Block, and the other is a Tennessee case. Some analysts […]
On October 25, 2004 Household - HSBC Watch reported on a Nashville Tennessee court filing wherein Household International, now called HSBC Finance Corporation, was charged with alleged racketeering, influence and corruption.
On March 31, 2004 we reported that a claim against tax preparer H&R Block and Household on two provisions of RICO — racketeering and […]
The Virginia attorney general reported today, 1 December 2004, that over 260 Virginians have not cashed their settlement checks from Household International.
Perhaps Household’s predatory lending “Live Checks” got these people in a jam in the first place? That is one scenario. Others include new lawsuits, RICO charges, or the checks are framed and […]
Comments received by consumer advocacy volunteers at Household - HSBC Watch indicate that some Americans are documenting their consumer woes and waiting.
Anticipating civil RICO suits against HSBC North America and various merchants while hoping existing liabilities take their toll, furious customers and former customers are scheming.
Forecasting layoffs and cutbacks, and possible selloff of tainted and […]
Trying to track down troubled predatory lender Household International? Former stock symbol HI? Need updates to the nationwide $484 million settlement? Updates on RICO charges against H&R Block and Household? Perhaps you are looking for Household Retail Services, HRS or HRSI?
The names have changed.
HSBC North America Holdings (formerly Household […]
U.S. Gen. Charles Wald, deputy commander of the European Central Command, has been warning Congress and the Pentagon for months that al Qaeda-affiliated groups are active in Mauritania, Mali, Chad and Niger. The trade in diamonds used by terrorist groups, begun under the protection of former Liberian strongman Charles Taylor, continues despite international efforts to […]
Household International, which employs more than 450 people in the London Kentucky area, has recently changed its name to HSBC after being acquired by UK-based HSBC in 2003. HSBC North America Holdings serves 60 million customers and ranks as one of the top 10 financial-services companies in the United States, with assets approaching $300 billion. […]
After years of destroying the credit of families across America, William F. Aldinger, former CEO of predatory lender Household International, wants you to believe things have changed.
“We believe strongly in the importance of financial education to help consumers identify and pursue their financial goals,” says William F. Aldinger, chairman and chief executive officer of HSBC […]
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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.
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