HSBC's Storehouse and Rowe File Bankruptcy

Household – HSBC Watch consumer advocates said for years that a combination of high HSBC interest rates, questionable payment processing and troubled merchants is a bad combination for customers and credit card holders. Add Storehouse to HSBC’s list of merchants, also known as troubled companies that need every dime of ill-gotten gains ot stay in …

HSBC Ordered to Monitor Accounts for Terrorism, Money Laundering

As recently as one year ago HSBC refused to provide regulators with international banking information. Sources close to many investigations knew or suspected HSBC was aiding terrorism, money laundering, and other related issues. Taking lessons from predatory lender Household International, now owned by HSBC, the bank simply refused to answer questions. Here are new results …

HSBC Slaughter Window by Opportunity, Not FICO

The following evolved into a dedicated page. Read “The HSBC Killzone” to see how this evolved. A question often asked by those harmed and hurt by HSBC is how they determine who to hurt financially. Early in the investigation one could not determine if people were targeted by their credit scores. Common sense suggests those …

HSBC International Banking Records Now Accessed

What HSBC refuses to reveal now be in the hands of the U.S. government. WASHINGTON — The U.S. government gained sweeping access to international banking records as part of a secret program to choke off financial support for terrorism, officials said Thursday. Treasury Department officials said they used broad subpoenas to collect the financial records …

HSBC Seen as More Vulnerable

NEW YORK, June 19 – Standard & Poor’s on Monday raised its ratings on HSBC Holdings Plc. and its subsidiaries, citing greater diversification earnings, and stabilization of its consumer finance business. “The upgrade of holdings reflects the increasingly strongly diversified earnings profile and global reach of the well-managed HSBC group, and the reduced downside risk …