Vodafone, HSBC Worried About Facebook – Laughable in view of subprime

HSBC and Vodafone have pulled advertising from social network site Facebook over concerns that their ads were appearing next to a far-right British political party’s content. Mobile phone giant Vodafone and HSBC’s online banking arm First Direct suspended their Facebook ads, fearing their brands would be sullied if linked to the British National Party (BNP). …

HSBC Braces for Another Big Loss

Further proof that the John Bond – William Aldinger Household International deal of almost five years ago was a stinker is about to slap HSBC hard. Left to there own predatory devices Household International would have gone bankrupt in 2003. As proof of how bad Household International was, it took most other subprime lenders until …

HSBC Finance begins to crumble

As HSBC Finance begins to crumble people should understand the history of predatory lending with an emphasis on Household International and HSBC Finance. Our case study is found on eBay, and proceeds support the Household – HSBC Watch watchdog program and keep their volunteers busy instead of getting real jobs like being the greeter at …

HSBC Loss Set-aside Up 96 Percent

“What started in 1994 as predatory lending under then-CEO William F. Aldinger finally began to fall like feathers in the wind by 2007” said Household – HSBC Watch. “People need to understand that HSBC Finance has a major credit card operation and they will try to make up earnings somewhere, and regulators seem to be …

The Household International and Ameriquest Settlements

Predatory lending settlements are now available to Ameriquest customers, and the final settlements still pale when compared to HSBC’s Household International. In fact some regulators said the Household International settlement should have been much more than $484 million, but they were afraid a realistic amount would put the company out of business. The Ameriquest settlement …