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 …

BREAKING – Feds To Monitor HSBC Holding Companies

Finally after years of advocating for consumers and performing watchdog functions Household – HSBC Watch is proud to announce that there will be oversight and monitoring of HFC, Beneficial Finance, and other HSBC holding companies. Federal and state banking regulators on Tuesday said they would step up their scrutiny of lenders that make home loans …