HSBC bought a failure in 2003 when the bank bought Household International. Why couldn’t HSBC turn the failure in to a profit center? Because real bankers do not understand finance companies. London was far removed from a branch manager trying to collect from a customer. Simply said, when HSBC bought William […]
As HSBC continues to hemorage red ink in the United States some are asking if HSBC will replace Chairman Stephen Green with CEO Michael Geoghegan. Under pressure from activists at Knight Vinke and others, it appears as though HSBC will make more changes. Some ask if ousting Green will be enough. […]
Seen in The Asian Banker on December 18, 2006: “HSBC is scrambling to reinforce senior management to stave off internal problems at Household International, its U.S. sub-prime acquisition made when Sir John Bond was chairman. Looks like serious problems are creeping up.”
In the Household - HSBC Watch follow up file, we found out what happend to the HSBC cleaning crew member who asked for a living wage. Most people thought he would be fired, but such was not the case.
Two years ago, a cleaner stood up at HSBC’s annual general meeting and asked chairman Sir […]
Paul Grant, Accountancy Age, 03 Feb 2006: Shareholders of HSBC are to meet with the banking giant next month to discuss its management succession plans, which breach corporate governance guidelines.
The group recently made the decision to appoint current chief executive Stephen Green to the role of executive chairman. Green replacing Sir John Bond […]
Tuesday, 06 December, 2005
Mr Dyfrig John, who served as an Executive Director with HSBC Bank Malta p.l.c. until May of this year, has been appointed as Chief Executive Officer at HSBC Bank plc. in the U.K. The appointment follows Wednesday’s announcement that Group Chairman, Sir John Bond, will be retiring in May 2006. Sir […]
Mark Odell / London December 05, 2005
Sir John Bond, who is retiring from HSBC next year, has emerged as a leading candidate to replace Lord MacLaurin as chairman of Vodafone, the world’s largest mobile phone operator. This week, Sir John said he would step down as chairman of the world’s third largest […]
Commonly accepted principles of corporate governance include disclosure and transparency–whereby organizations clarify management’s roles and responsibilities to provide shareholders with a level of accountability, and the rights of, and equitable treatment of, the shareholders in question.
British banking behemoth HSBC (nyse: HBC - news - people ) may have gone against the U.K. Financial Service […]
August 2005 - Tesco dominates the list of best-paid executive directors, with five of its Board members in the top ten. John Gildersleeve, paid £6,531,000 in 2004, is kept off the top executive director spot by William Aldinger of HSBC, who received £12,420,528. “Aldinger has since retired from HSBC and has been appointed to […]
THE LONDON-based bank, HSBC, opened its first branch in Bratislava June 16. The bank will provide corporate and institutional banking products to local and foreign clients as well as those planning to invest in Slovakia, the SITA news agency wrote. The new Bratislava branch director is Karel Bure¨, the former head of the […]
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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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