HSBC Holdings PLC isn’t interested in buying Morgan Stanley, a person familiar with the bank said Friday. “HSBC has made clear in the past that buying an investment bank is not on its agenda,” the person added. “HSBC feels Morgan Stanley is not worth pursuing.” It appears as though HSBC is not interested […]
This is another update from our friend Curtis: “Please be advised of the following. I am currently involved in taking legal action against HSBC Mortgage Services Inc. in Brandon Florida.
My current mortgage was audited and found to be in violation of TILA, RESPA, HOPA and the Fair Trade Practices Act. The loan as […]
Subject to regulatory approval, HSBC Bank Canada announced Monday a plan to create a unified corporate structure by buying HSBC Financial Corporation Ltd. from a U.S. affiliate by year-end in an internal transaction following a review of North American operations. All of the financial guarantees between HSBC Finance Corp. and HSBC Financial […]
Although many claim HSBC already knows what their quarterly results might be, publishing the information is another story. The Securities and Exchange Commission is also looking at subprime mortgages. The worry at HSBC is HSBC Finance, formerly Household International, and HSBC USA.
Rising interest rates, combined with falling home prices, have caused many subprime […]
HSBC Bank Malta might be relocating a number of jobs, which had always been carried by Maltese workers since the time when the bank was state-owned, to cheaper markets such as India – where workers are paid less, maltastar.com is informed.
Investigations by the Malta Star found that HSBC UK started outsourcing particular jobs to countries […]
NEW YORK, June 19 - Standard & Poor’s on Monday raised its ratings on HSBC Holdings Plc. and its subsidiaries, citing greater diversification earnings, and stabilization of its consumer finance business. “The upgrade of holdings reflects the increasingly strongly diversified earnings profile and global reach of the well-managed HSBC group, and the reduced […]
In a report just released by a foreclosure tracking service the number of homes in foreclosure increased a whopping 27% in January 2006 and a 45 percent increase from January 2005, with the state of Georgia leading in the number of foreclosures.
“The number of foreclosures from predatory lenders and inflated appraisals remains unclear […]
You have been wronged, and you research sites like Household - HSBC Watch, where you find out thousands of others had the same experience. Now what do you do? And what does the scamming company think? In all honesty they know you agreed to binding arbitration, so to heck with you. […]
Only about 1 percent of SEC investigations result in fines at all, said Lynn Turner, a former SEC chief accountant and director of research for Glass, Lewis, which tracks corporate governance issues.
While Turner declined to comment specifically, he said it takes several misdeeds to join the pantheon of fined companies. “When you see a case […]
The deal between HSBC Finance and Metris, which issues credit cards through its Direct Merchants Credit Card Bank subsidiary, is expected to close in the fourth quarter of 2005. It will see Metris become a wholly-owned subsidiary of HSBC. As Metris is a specialist in non-standard consumer finance, the purchase will see HSBC further build […]
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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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