Dirtying the HSBC brand, and does London know

In business, when it comes to dirtying the brand, usually the effect is seen when competition has a better product, lawsuits cast doubt on the brand, or other factors far beyond the corporate boardroom. When it comes to HSBC credit cards, it is HSBC that is dirtying the brand. Does London know what is going …

HSBC Finance not viable says JPMorgan analyst, Detelichs role questioned

This morning news from Hong Kong, the original home of HSBC (Hong Kong Shanghai Bank) tells us something we already knew back when William F. Aldinger III sold predatory lender Household International to HSBC. One JPMorgan analyst, Sunil Garg, said HSBC Finance Corp, the bank’s consumer-lending subsidiary in the United States, is an “unviable business” …

HSBC’s Tom Detelich and MMI PHASES raises questions

HSBC is donating (if that is the right word) money to help with foreclosure prevention. We view this announcement with reservation, since foreclosures and lack of response by HSBC are still reported by homeowners. However, Money Management International (MMI), a nonprofit credit and debt counseling and education agency, today announced the official launch of their …