In the US Banker section of American Banker, we spotted an interesting line: “The concern was, ‘How much subprime do you do? What is your risk of having what Household (International) had?’” It was a question asked of Richard Davis, CEO of U.S. Bancorp, in February 2007. HSBC bought Household in […]
Customers of HSBC experience the highest rates of identity theft in the banking industry, according to an investigative study released Wednesday by a UC Berkeley Law School researcher. HSBC is clearly in the lead. Through an extensive Freedom of Information Act request, Chris Hoofnagle, a staff attorney at UC Berkeley’s Boalt School of […]
Shifting political sands in America and Europe, especially after the 9-11 terror attacks and concerns of a probable slowdown in developed economies are encouraging Islamic investors to turn their focus into growth economies like India and China. Saudi Economic and Development Company (Sedco) and Bearys Group have come together to invest $20 million for […]
HSBC may be bleeding from the eyeballs in the United States like an ebola outbreak, but in China HSBC will target rich Chinese. HSBC Holdings Plc. said on Monday it had set out an aggressive plan to increase its banking network in China next year. HSBC wealth management centers target HSBC’s “premier customers” […]
Get names, addresses, telephone numbers, and other information on who holds your HSBC mortgage:
HSBC Bank USA (see it)
HSBC Bank USA as Trustee (see it)
HSBC Bank USA, N.A. (Mortgage Warehouse Lending) (see it)
HSBC Bank USA, NA - Non-Affiliate (see it)
HSBC Bank USA, National Association (see it)
HSBC Mortgage Corporation, USA (see it)
HSBC Mortgage Services (see it)
HSBC […]
True to form and following rules set up by former predatory lender Household International, HSBC rejects any ideas and suggestions other than their own. HSBC Holdings Plc, Europe’s biggest bank, rejected a call from the California State Teachers’ Retirement System for an outside strategic review. At Household - HSBC Watch - a […]
Why did the subprime money pipeline shut down? And which bank was buying mortgages from brokers and lenders? HSBC of course. Subprime and second mortgages were to HSBC like Household International was to predatory lending - an easy ride to profits. Or so they thought. Second mortgages? Sorry, but HSBC has […]
Reporter John Stark of the Bellingham Herald has been monitoring Household International and HSBC almost as long as we have here at Household - HSBC Watch. A consumate professional, we’ve talked with Mr. Stark from time to time over the years. That’s why an article published this morning in the Bellingham Herald […]
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?
Trying to play as a British bank and appealing to people as “your local bank” HSBC wants people to forget HSBC is the Hong Kong Shanghai Bank. But when one runs afoul in China regulators do not look the other way like some do in the United States. We offer as evidence the […]
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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.
We use your individual HSBC complaints and merchant complaint reports to perform trend analysis.
We are not associated with HSBC, Household International, or their merchants.
Some items are used by permission granted in the Fair Use guidelines of the 1976 U.S. Copyright Act.
