AN open letter to HSBC's Alex Hungate

Alex Hungate said: “I want to help HSBC grow by maintaining a relentless focus on the needs of its customers. In this role, with its combination of global leadership of the Personal Financial Services business plus the marketing function, I want to ensure that our services always deliver on the powerful promise of the HSBC …

HSBC Focus On Emerging Markets Has Risks

HSBC plans to refocus on emerging markets as the bank’s experiment with Household International taught them to play elsewhere. The problem with emerging markets is that they are emerging. Take the case of China’s equivalent of the US Food and Drug Administration chief. Within three weeks the man was charged with fraud, found guilty, and …

HSBC's Stephen Green Disentangling and Decoupling U.S.

In past years as a former customer I felt cheated, swindled, and was lied to by HFC – Household International. No, I was not the victim of foreclosure. Nor was I duped by my Best Buy credit card interest free period. That happened to my good friend. I admit my friends and I were hoping …

HFC and Beneficial Finance – Name Liability

As the subprime market declines and loan losses mount, third parrty mortgage brokers are having a tough time of it. Like many realtors, mortgage brokers are unemployed but don’t know it yet. Fired by companies that once funded them, mortgage brokers are casualties of risk management. Lenders like HSBC and Wells Fargo can control risk …