The HSBC Monitor

In 2009 HSBC launched “The Climate Confidence Monitor” which is a global piece of research carried out by the HSBC Climate Partnership to measure and track consumer attitudes in twelve countries and territories on climate change issues. Isn’t that sweet? Since HSBC is now seven years removed from the bank’s ill-advised purchase of predatory lender …

An Obituary for HSBC Consumer Finance

What happens when HSBC dives in to subprime, takes a huge multibillion dollar loss, turns tail and runs away from customers, and alienates as many US citizens as possible? Wells Fargo has become the largest Western bank when measured by its stock market value after it leapfrogged rivals HSBC and JP Morgan last year. I …

Household Life Insurance as part of HSBC Finance

We are not interested in ratings by A.M. Best. What we are interested in is Household Life, who owns it, and how many holding companies one must go through. Household Life is one of the last remaining reflections of Household International, owned by HSBC since 1993. A.M. Best Co. has affirmed the financial strength rating …