Dennis Dammerman Brown Noses Aldinger

Dennis Dammerman, chairman of Capmark’s board of directors, said, “Bill Aldinger is a world-class executive with a track record of driving strong performance through a clear focus on operational excellence and superior customer service. His experience will be invaluable as Capmark enhances its leadership position in the real estate finance industry.” The quote came from …

HSBC US Sub-Prime Mortgages Skyrocket

Combining HSBC’s prime and subprime units, over 32 percent of HSBC’s mortgages are higher cost, subject to a rate spread. This is inconsistent with HSBC’s claims, at the time it acquired Household International and since, that only a small part of its mortgage loans are subprime. Sir John Bond said that 63% of Household’s loans …

Unanswered Letter to John Bond of HSBC

It is known within business and marketing areas that approximately 4 percent of consumers actually write complaint letters or voice their complaint. On the other hand, over 70 percent of consumers never do business with the company again. Unfortunately in the financial arena it is more difficult to cut one’s ties with an offensive or …

Frustrating Times for HSBC's Andrew Armishaw

On Juanuary 12, 2005, according to PR NewsWire, “HSBC – North America today announced that Andrew Armishaw, group executive and chief information officer, HSBC – North America, has been recognized by IDG’s Computerworld magazine as one of the business world’s Premier 100 IT Leaders.” “This award is a testament to Andrew’s contribution to our company …