As many as 8,000 employees of Catholic Health System have been unable to get their paychecks through direct deposit this morning due to the ongoing computer problems at HSBC Bank USA. Do you have direct deposit of your paycheck or retirement check at HSBC? There is a chance you may not have […]
This past summer’s subprime meltdown involved about $900 billion in now-suspect securitized debt, reckless lending, and consumers who buckled under the weight of loans they couldn’t afford. Now another link in the consumer debt chain - credit cards - is starting to show signs of strain. And the fear that the $915 billion in U.S. […]
Anyone who thinks HSBC is not bleeding because of HSBC Finance Corporation, formerly know as predatory lender Household International, is sadly mistaken. The industry, and ripples through the entire U.S. stock market and financial industry show otherwise.
Anxiety intensified Friday about the toll the sub-prime mortgage meltdown is taking on the financial industry at large, […]
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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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