The HSBC Monitor

In 2009 HSBC launched “The Climate Confidence Monitor” which is a global piece of research carried out by the HSBC Climate Partnership to measure and track consumer attitudes in twelve countries and territories on climate change issues. Isn’t that sweet? Since HSBC is now seven years removed from the bank’s ill-advised purchase of predatory lender …

An Obituary for HSBC Consumer Finance

What happens when HSBC dives in to subprime, takes a huge multibillion dollar loss, turns tail and runs away from customers, and alienates as many US citizens as possible? Wells Fargo has become the largest Western bank when measured by its stock market value after it leapfrogged rivals HSBC and JP Morgan last year. I …

You can challenge your HSBC foreclosure says OCC

US officials have launched an independent review process in which individuals can challenge foreclosures carried out by HSBC and other lenders / servicers. Independent consultants would assess if borrowers lost out financially “through errors, misrepresentations or other deficiencies in foreclosure practices,” the Office of the Comptroller of the Currency said Tuesday. Where that is the …

Investor files FINRA claim against HSBC

FT. LAUDERDALE, Fla., Sept 26, 2011 /PRNewswire/ — A Honduran investor has filed claim against HSBC alleging that an investment described as a “Washington Mutual” perpetual bond was not a bond at all, but a derivative mortgage backed security, created by Washington Mutual, to take toxic home equity loans off its books. The claim, filed …

HSBC Household not registered to do business in Alabama?

LM in Alabama asks: “Looks like HSBC a/a/o Household Finance Corp of Alabama in 2008 and 2009 have numerous lawsuits which resulted in consent judgments and default judgments against the debtors. The interest rates in the consent judgments are exorbitant, and many of the complaints start as HSBC is a DE corporation with an address …