Household HSBC Watch

Here is positive proof that a person can be successful after running a subprime operation for HSBC while losing billions of dollars. Originally with Household International, which was charged with predatory lending and later purchased by HSBC, many thought Siddarth (you can call me Bobby) Mehta was in over his head. Mehta was […]

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HSBC has been one of the poorest performing bank stocks in the world over the past 12 months, because of concerns about its exposure to high-risk lending in the US - which forced it to issue the first profit warning in the group’s history. Even though HSBC’s decision […]

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When William F. Aldinger sold his scandal plagued predatory lending company, then called Household International, to HSBC Bank plc he knew he had to profit personally before the sham fell apart. An opportunist who profitted from running scams on borrowers, Aldinger’s departure left room for promotions in the […]

EILEEN POWELL of the Associated Press said:
The three major consumer credit reporting agencies announced Tuesday that they have created a new credit scoring system aimed at simplifying the loan process for both lenders and borrowers.

The announcement by Equifax, Experian and TransUnion said the new “VantageScore” was “a direct result of market demand for a more […]

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Siddharth N. (Bobby) Mehta, Chief Executive Officer, HSBC North America Holdings Inc.
Bobby also holds the title of chairman and chief executive officer of HSBC Finance Corporation, one of the world’s largest banking and financial services organizations, which comprises the former Household International Inc., businesses. Bobby serves also as […]

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Chairman and CEO of HSBC North America and successor to William F. Aldinger, Siddarth Mehta, has company at the top of the banking food chain. Many prefer to think of Mehta as a non-banker, having roots in the finance company world. A top Indian banker has been […]

When a consumer disputes credit information on his or her credit report, the three major credit bureaus, Experian, formerly TRW, Equifax, and TransUnion, must notify each other of the reinvestigation. In the past, it was the consumer’s responsibility to notify each bureau. As of 1997, credit bureaus are required to use information supplied by […]

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“I received a letter from my house insurance agent that I could not receive the best price because of my bad credit rating. I didn’t understand because we had not too long ago refinanced our house loan to get a better rate and they said our credit was A1. […]

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Household International’s political action website at HSBC Government Relations now has Chairman Siddharth N. (Bobby) Mehta’s picture to greet web visitors which are supposed to be HSBC employees, but the site is available to everyone around the world. “Dear Colleague” says the website. William F. (Bill) Aldinger’s […]

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The new Vice Chairman and CEO of HSBC North America Holdings and HSBC Finance Corporation is Siddharth N. (Bobby) Mehta. He replaces William F. (Bill) Aldinger who departed in April 2005. Some sources say Aldinger was forced into early retirement by former HSBC Plc Chairman John Bond. […]