In a news article from late last week titled “Business big shot: Michael Geoghegan” we see the power of algorithms and content matching. Although I do not know what the article was really trying to prove, the Times Online also suggests other relative articles. One related article is titled “HSBC profit falls […]
HSBC USA CEO Paul Lawrence took over from Sandy Derickson. While Derickson was a former Household International employee she was also unemployed when London headquaters made management changes. Some say Derickson was in over her head, while others point out that she was hired by Household after “running GE Auto Finance into the […]
Consider the direction taken by Wells Fargo which insulated Wells from the current subprime mess. Now consider the position of HSBC Plc, and specifically HSBC Finance. Consider, if you will, the people facing uncertainty and rumors of layoffs. HSBC Plc failed the employees of HSBC Finance and former Household International employees. […]
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HSBC has been one of the poorest performing bank stocks in the world over the past 12 months, because of concerns about its exposure to high-risk lending in the US - which forced it to issue the first profit warning in the group’s history. Even though HSBC’s decision […]
See the latest about Bobby and TransUnion
When William F. Aldinger sold his scandal plagued predatory lending company, then called Household International, to HSBC Bank plc he knew he had to profit personally before the sham fell apart. An opportunist who profitted from running scams on borrowers, Aldinger’s departure left room for promotions in the […]
NEW YORK — The U.S. arm of HSBC Holdings PLC said it will shuffle its senior management team, including replacing the head of its retail banking unit.
Martin Glynn, the 55-year-old chief executive of the U.S. retail bank, will retire at the end of the year, after 24 years with HBSC, the company said Monday.
His replacement […]
See the latest about Bobby and TransUnion
The new Vice Chairman and CEO of HSBC North America Holdings and HSBC Finance Corporation is Siddharth N. (Bobby) Mehta. He replaces William F. (Bill) Aldinger who departed in April 2005. Some sources say Aldinger was forced into early retirement by former HSBC Plc Chairman John Bond. […]
Predatory lender Household International 30 year employee Joesph Hoff is now working with a new name for the troubled and disgraced predatory lender, as HSBC North America named him as the CEO for Retail Services. The main vulnerability for Hoff is his previous position - CFO. Hoff was named chief financial officer of the […]
Effective June 2004, Household - HSBC is the third largest private label provider in the US with just under 15 billion in managed receivables, some 14.4 million active accounts, 60 merchant relationships and about 2,300 employees in seven locations.
Figures come from a special presentation on HSBC’s position in the US private label cards market given […]
Sandra L. Derickson, Vice Chairman, Household International is the title for Sandy shown on a “companies that care” website. The website article is for an event scheduled for October 13, 2004. “Why Invest — The ROI of Community Involvement” was Sandy’s speech.
Watchdog organization Household - HSBC Watch points out that Derickson is […]
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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.
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