Shareholder Activist Has Issues With HSBC Strategy

Knight Vinke, the high-profile shareholder activist group, has told HSBC that it “has an issue with its strategy” and has held talks with the global banking group’s finance director about a complete review of the bank’s direction. The activist shareholder, which has secured the support of Calpers, the Californian state pension fund, is demanding that …

Bellingham Article Places HSBC's Household International at Scene of the Crime

Reporter John Stark of the Bellingham Herald has been monitoring Household International and HSBC almost as long as we have here at Household – HSBC Watch. A consumate professional, we’ve talked with Mr. Stark from time to time over the years. That’s why an article published this morning in the Bellingham Herald was a sight …

Article puts a name and blame for mortgage problems

It was inevitable and we talked about it since 2002. HSBC bought predatory lender Household International in late 2002 and finalized the purchase in early 2003. Name liability and associating HSBC’s name and reputation with shady lender Household International was not wise. Ignoring the obvious, HSBC started to become associated with income tax lending, high …