Household HSBC Watch

Once again the question of protection, regulation, or lack or regulation in the United States comes up relative to HSBC. “We cannot have a segregated market where only the large and connected get protected by the SEC,” said former SEC commissioner Roel Campos, now a partner at law firm Cooley Godward Kronish. The […]

HSBC was reported to have set a July 31, 2008, deadline for sealing the KEB deal. Yet, there is little possibility that criminal proceedings with the two pending cases will be completed by the end of the year, let alone within a month or two. The financial regulator’s rigid position is adding to speculation that […]

HSBC Finance is a nationally known subprime lender. At the onset of United States mortgage problems HSBC Finance had few, if any, prime FHA insured loan packages. Casting caution to the wind HSBC loaned to almost anyone. While HSBC was not the only subprime lender, nor the only mortgage lender to suffer […]

Should the government investigate current conditions? Will a free economy poison itself, and the rest of the world, as it did with subprime mortgages? Are banks and institutional investors trying to recap $385 Billion dollars (USD) in collaterized debt obligation losses? These questions and many more are being discussed at Crazy Speculators (www.crazyspeculators.com) and we […]

A controversial bonus scheme which could net five senior directors of banking giant HSBC more than $240 Million over the next three years has been approved by shareholders, although there was opposition. Only 82 percent of those who voted were in agreement. Eight percent of voters abstained, while 11 percent were in opposition. […]

Barclays faced fresh embarrassment yesterday over its £314 million emergency loan from the Bank of England, when HSBC, its rival, furiously denied that an error by its bankers had forced Barclays into the red. Meanwhile, it emerged that Britain’s biggest high street banks have more than $120 billion (£60 billion) worth of exposure to the […]

We have many questions lately about an article we ran a few days ago. According to insiders there have been layoffs at two HSBC locations. Reports are still unconfirmed, thus you should consider this to be rumor or speculation until we see it in the news. Here is what we were told […]

July 24 — European stocks fell to a four-week low after disappointing earnings from the largest U.S. mortgage lender pushed financial shares lower and the U.K.’s worst floods in 60 years weighed on retailers. HSBC Holdings Plc, BNP Paribas SA and Axa SA paced declines by banks and insurers after Countrywide Financial […]

In a recent Household HSBC Watch article there is speculation that HSBC Finance Corporation - the former Household International - might be for sale as HSBC jettisons their bad debts and bad image. We invite comments relative to the idea and ask the big question - Who Would Buy It?

Both the Department of Justice and the Internal Revenue Service visited our website today. The IRS researched 1099 C (cancellation of debt) while the DOJ researched ‘HSBC Consumer Alert’. Since both areas are fully researched and documented by our staff we have material dating back to the old days when […]