HSBC also likes India as a developing nation. In a recent article we wrote about problems in Vietnam, another HSBC favorite. India’s inflation accelerated to a 13-month high. That means India probably will not see an interest rate reduction any time soon. HSBC Group Plc in the past week reversed their […]
HSBC Finance is a “pay for performance” company, which means they look out for their best interests, not yours. It also means that mortgage loans in the U.S. followed the same “pay for performance” guidelines. That is part of why we have a subprime crisis today. Here is the report from the […]
Burnt by subprime issues HSBC turned to emerging nations for profits. Islamic banking is but one growth area for HSBC. HSBC Bank Malaysia Bhd’s Islamic banking business is expected to record double-digit growth. Malaysia is a huge market for Islamic banking products, ranking number one for the issuance of sukuk or Islamic […]
April 11, 2006–For the second time within a year, American IronHorse has inked a major financing deal aimed at empowering dealers and their customers to own more American IronHorse bikes. The company today introduced its first large retail financing package through a new agreement with HSBC-North America’s Retail Services business. The package offers special financing […]
Last Modified: 14 Sep 2005 , Source: ITN
Customers are being overcharged by up to £1 million a year for credit through store cards and associated insurance. According to the Competition Commission, interest rates are also between ten and twenty per cent higher than necessary. As a result, cardholders have […]
Base rate hasn’t moved for almost a year, but that has not stopped savers being penalised, writes Kathryn Cooper
BANKS and building societies have been accused of profiteering by slashing their savings rates even though the Bank of England base rate — the yardstick for all UK interest rates — has not moved for nearly a […]
Another interesting fact - although HSBC gave £1m towards the Tsaunami appeal they were still charging UK (and elsewhere?) relatives £25 a transaction to wire money out to affected relatives right up and till a memo went out to branch staff on January 14th, 2005 to stop the practice following a customer complaint.
US-based consumer […]
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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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