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Gerald Corrigan and Douglas Flint of HSBC draws flack

It reminds me of the old game we played when we were kids. The game where we had to pick out “the one that was different from all the others.” Banking industry leaders (their words, not mine) are calling for reforms. The proposals were put forward by a high-level group led by former […]

Public outcry as HSBC abuses soldier in Iraq

When a person is stationed in Iraq, calls HSBC from Iraq, and receives their mail in Iraq, but HSBC will not wake up and do the right thing. That is the case, however, and HSBC Finance seems to think their “pay for performance” bonuses are more important than following the law. One soldier […]

HSBC turns to Islamic banking for growth

Burnt by subprime issues HSBC turned to emerging nations for profits. Islamic banking is but one growth area for HSBC. HSBC Bank Malaysia Bhd’s Islamic banking business is expected to record double-digit growth. Malaysia is a huge market for Islamic banking products, ranking number one for the issuance of sukuk or Islamic […]

HSBC Spent $1.3 Million on Lobbying

The U.S. subsidiary of British financial conglomerate HSBC Holdings PLC spent more than $1.3 million in the first half of 2007 to lobby the federal government, according to a recent disclosure form. HSBC once claimed they never lobby for anything and had no lobbying effort. Once against company policy, HSBC found out their […]

HSBC Out Of Touch in United States Says Watchdog

Watchdog organization Household - HSBC Watch says recent developments at HSBC prove the bank is out of touch with U.S. customers. The group cites reasons why HSBC has alienated many Americans from every walk of life.

In a post-911 society where the war in Iraq and Afghanistan is on television every day, HSBC announced heavy […]

Saudi Arabia Involved With U.S. HSBC Mortgages?

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 […]

Duckworth Wins Democratic congressional primary nomination

Mar 22, 2006 - Iraq war veteran L. Tammy Duckworth, a former Army helicopter pilot who lost her legs in a grenade attack two years ago, narrowly won the Democratic congressional primary nomination for the suburban Chicago district held by retiring Republican Rep. Henry Hyde.

Household - HSBC Watch sent a formal letter to Duckworth […]

HSBC Money Laundering May Enable Terrorism

In reading this section which originated from HSBC - HSBC Bank USA (”HBUS”) - regarding money laundering and their refusal to provide information, remember that HSBC wants to overturn state and local laws in favor of federal laws.

“Regarding an investigation into certain wire transfers made through Riggs National Bank… HBUS did receive from Riggs […]

HSBC Moves in Iraq, Abuses Military in U.S.

HSBC Bank Plc came under fire for abusing the United States military, primarily through HSBC Finance Corporation which is former predatory lender Household International. Specific complaints of abuse come as no surprise to Household - HSBC Watch consumer advocates. The watchdog organization performs trend analysis, a project that charts detailed complaints over time. […]

National University - Household Auto Finance?

Found on the National University website:
“Household Auto Finance of San Diego, a subsidiary of Household International (NYSE: HI), has presented two $2,000 scholarships to National University students. Ramona Smith and Anthony Horsley, Sr. were selected by National and Household based on academics, need and field of study.”

Terri Horn, Group Director of Human Resources for Household […]