Bob Ney, Friend of HSBC and Household International – GUILTY

As those of us here at Household – HSBC Watch predicted years ago Representative Bob Ney of Ohio has finally fallen from grace. Rep. Robert Ney (R-OH) accepted thousands of dollars in gambling chips from a businessman who wanted help selling U.S. airplane parts to prohibited countries. That charge is one of several Ney pleaded …

HSBC's Household International as Predatory Fertilizer

NEW YORK — The U.S. arm of HSBC Holdings PLC said it will shuffle its senior management team, including replacing the head of its retail banking unit. Martin Glynn, the 55-year-old chief executive of the U.S. retail bank, will retire at the end of the year, after 24 years with HBSC, the company said Monday. …

PNC Owns Passive Stake in HSBC USA

The PNC Financial Services Group Inc., based in Pittsburgh, reported a 10.18% passive stake in HSBC USA Inc. According to documents filed with the Securities and Exchange Commission, PNC owns 1.3 million shares of the U.S. subsidiary of London-based HSBC Holdings PLC. Investors who hold shares just for passive investment purposes and do not influence …