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HSBC finance director gets a nice allowance

Kudos to The Guardian for this article. As bad as finances are in the U.K. we found out that executive perks at HSBC remain untouched. The TUC PensionWatch report identifies a senior HSBC finance director who ‘receives an executive allowance of 55 per cent of annual basic salary to fund personal pension arrangements’. […]

Check 21 Works To Benefit Banks, Not Customers

BOSTON — The Association for Work Process Improvement honored HSBC Bank USA as the winner of its Remittance Processing Council’s first annual excellence award. The award will be presented in Chicago next month. According to a news release, the bank was selected because of its innovative approach to lockbox integration of Check 21, image-exchange […]

5 Day Float on Social Security, Military Retirements

For October retirement checks the Federal Reserve transferred Social Security payments and military retirement checks to banks on September 28, 2005, at 1900 hours. With few exceptions, funds were not available to recipients until the nightly update on the night of Monday, 3 October 2005. The banks, therefore, got to use your money […]