“It is clear that growth models in our industry based on high and increasing leverage will no longer be sustainable,” said HSBC chairman Stephen Green. Changes are being made at HSBC, partly to appease Knight Vinke. Don’t tell Green, however, because he wants the world to think it is all his idea. […]
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 […]
Analysts at Household - HSBC Watch think HSBC learned from the recent subprime crisis, regardless of what they tell Knight Vinke and other activists. After studying HSBC and Household International for many years Household - HSBC Watch thinks HSBC will make a move soon. Changes must look like they are HSBC’s idea, […]
The credit crisis spilled onto Britain’s high streets today as worried Northern Rock customers queued up to withdraw their savings. Their fears were prompted by the revelation this morning that Britain’s fifth-biggest mortgage lender had to ask the Bank of England for emergency financial assistance. Earlier in the day, Adam Applegarth, the company’s […]
When HSBC lost money due to HSBC Finance the bank worked very hard to turn a profit elsewhere. Developing nations held the wolves at bay as those opposed to HSBC’s Household International remain posed to file suit if the bank turned shareholder profits into a loss. Others may still file suit claiming $10.6 […]
Jon White and his team at Beacon Hill Financial LLC have been unloading shares of exchange-traded funds concentrated in big banks they believe could wind up heavily exposed to subprime lending. Those include iShares Dow Jones US Broker-Dealers which White says has been a big player in bundling and reselling subprime loans in […]
Further proof that the John Bond - William Aldinger Household International deal of almost five years ago was a stinker is about to slap HSBC hard. Left to there own predatory devices Household International would have gone bankrupt in 2003. As proof of how bad Household International was, it took most other […]
Compared with others in the sector, HSBC shares are undervalued and are beginning to tick northwards again.
The bank is still reeling from its troubles with the US mortgage market, but given that has been the subject of a profit warning and audited full-year results since then, the majority of that information should be in the […]
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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 […]
How long before HSBC employs a cohort of burly bailiffs to chase up debtors? Bad loans hang around the neck of the world’s third-largest bank like an albatross. Most of it comes from former predatory lender Household International which is still in business as HSBC Finance Corporation. And HSBC is buying more […]
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An open letter to HSBC, Knight Vinke and Stephen Green
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