HSBC Predatory Lending And Recession Risk

HSBC wanted to buy a predatory lender. The purchased Household International in 2002 to satisfy their desire. Now those customers are at risk as HSBC predicts a recession for the United States. Already beaten down and strangled by HSBC’s oppressive terms and conditions these very same customers were hit harder by rising gasoline prices. In …

HSBC Executive Pleads Guilty

NEW YORK – A former HSBC Bank USA vice president pleaded guilty on Friday in Manhattan federal court to a conspiracy charge over his role in a $30 million telemarketing fraud targeting low-income people with poor credit histories, U.S. Attorney Michael Garcia said. Raymond Payne, a 35-year-old Brooklyn, New York resident, admitted to one count …

HSBC Customers Open to Hacking, Fraud for 2 Years

LONDON (Reuters) – An online security flaw has left 3.1 million British customers of bank HSBC open to hacking and fraud for at least two years, the Guardian newspaper reported on Thursday. It said a group of researchers at Cardiff University had found that hackers could secretly record customers’ keystrokes and were then usually able …