AN open letter to HSBC's Alex Hungate

Alex Hungate said: “I want to help HSBC grow by maintaining a relentless focus on the needs of its customers. In this role, with its combination of global leadership of the Personal Financial Services business plus the marketing function, I want to ensure that our services always deliver on the powerful promise of the HSBC …

Perhaps the Fed Needs Predatory Loans

Federal regulators did little to stop predatory lending. Ameriquest and HSBC predatory lending settlements were state-driven. I suggest to our readers the reason was because the Fed needed predatory loans. Alt-A’s (define) and subprimes were partially predatory and the Fed could not issue conflicting policy statements. The OCC only issued guidelines after the wheels fell …

HSBC Involved With Accredited Home Lenders

HSBC bought subprime loans from troubled lender Accredited Home Lenders, but stopped buying subprime loans in April 2007. (sidenote: Bobby Mehta stepped down as chief executive of HSBC Finance Corp. and as head of HSBC North America on February 15, 2007.) Mortgage originators like Accredited Home Lenders usually sell their loans on to other investors …

HSBC's Stephen Green Disentangling and Decoupling U.S.

In past years as a former customer I felt cheated, swindled, and was lied to by HFC – Household International. No, I was not the victim of foreclosure. Nor was I duped by my Best Buy credit card interest free period. That happened to my good friend. I admit my friends and I were hoping …