Earlier today we reported on stronger rules in the GCC. Now it is India taking new initiatives. Proposals by Indian regulators in October to curb offshore investment vehicles used by hedge funds triggered a panic among investors that halted trading on Mumbai exchanges for an hour and wiped out $100 billion of value […]
Once again HSBC attracts attention somewhere while trying to get away with something. This time it is not in the Unted States, where HSBC Finance seems to attract more attention than the rest of HSBC around the world put together. GRTU is accusing HSBC and BOV of “abusing their dominant market position and […]
It has been published elsewhere but we must add this HSBC article: An HSBC clerk who attempted to steal £72m while working in the bank’s Canary Wharf headquarters has been sentenced to nine years in prison for conspiracy to defraud and money laundering. Jagmeet Channa had sent €60m (£47.7m) to one of Société […]
Trading in HSBC options jumped Friday to eight times the normal daily volume. Investors picked up 70,000 puts, which let them sell the bank’s stock, and 11,000 calls that allow them to buy it, according to Trade Alert. Traders took up bearish up positions and flocked to September $75 puts, in particular, which were […]
Where will HSBC Finance be, and their customers, as the economy deteriorates? Does HSBC have any hope for homeowners in the North and Northeast as oil prices skyrocket? In Nymex trading on June 27th, heating oil futures rose 0.71 cent to $3.8905 a gallon while gasoline prices lost 0.68 cent to $3.5045 a […]
HSBC has been accused of imposing a stealth charge of £25 on customers who go over their agreed overdraft limit. £25 is about $50 (USD). HSBC claims the charge is fair because it covers the time taken to review the customer’s account, but campaigners say it is a device to get round the […]
Bloomberg, Forbes, and many others are reporting today that HSBC dropped the most in six years in Hong Kong trading on concern it may have to increase provisions for U.S. bad loans after Citigroup Inc. reported a record loss. Although we monitor HSBC and report the news we take no joy from it. […]
Today is not a good day for HSBC, leaving the bank in a position it may have never anticpated. Layoffs continue at HFC and Beneficial Finance branches in the United States, Goldman Sachs said HSBC may be required to set aside another $12 billion for subprime bad debts, and HSBC kept two SIVs solvent […]
In a presentation to analysts by Stephen Green, Chairman of HSBC, for the first time Green admitted that Household had been an essentially disastrous acquisition, that not all other diversifications had been successful, and that total shareholder return had underperformed peers. Household International is now called HSBC Finance, and HSBC previously said it […]
News from the U.K. this Thanksgiving day tells of how HSBC senior executives have been challenged over their proposed bonuses. Even though HSBC, “despite more than $20 billion (£9.7 billion) of provisions for credit and trading-related losses over the past two years”, possibly misled shareholders into believing that the executive bonus scheme was much […]
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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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