Household HSBC Watch

Here is breaking news from Saudi Arabia involving HSBC and the Bin Laden family. The Saudi Binladin Group successfully completed the issuance of a privately placed SAR Sukuk of finance raising more than SR1bn from the capital markets in Saudi Arabia. This is the Saudi Binladin Group’s first go at the Saudi debt […]

Reuters is reporting that HSBC intends to open new branches - bank branches, not HFC and Beneficial Finance branches - across the United States. Quoting Kevin Martin, executive vice president of HSBC Bank USA, the bank inteneds to open new branches with a focus on New Jersey, California and Washington D.C. Plans […]

HSBC rose in Hong Kong as investors think losses are overdone (overstated), and investors are thrilled at the prospect that HSBC has a firm offer for banks in France. There may be more to losses than meeets the eye, and investors will not be very happy if some people are correct. Simply stated, […]

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 […]

MICHAEL Geoghegan, chief executive at HSBC, has knocked back calls for Britain and Europe’s biggest bank to break itself up. Instead, he said that he would be working to see the various operations of the bank link together better, which could see a halving of staff at its London headquarters.

Consumer advocates in […]

Shares of HSBC Holdings have extended their four-month losing streak amid concern that a crisis in the U.S. mortgage industry will erode earnings this year. HSBC’s stock has fallen every month since November, when the bank — the largest in Europe — said bad debts in the United States were rising. The stock fell […]

A shareholder derivative lawsuit is an increasingly common type of civil case in which shareholders file suit on behalf of a company.

Monetary settlements in derivative cases have typically been small, and most of the money usually goes to plaintiff’s attorneys. Companies often agree to make changes to the way they operate in order to settle […]

“In a climate of increased concern about the transparency of corporate practices, I hope Household will consider publishing progress reports…”