HSBC did not sail through the financial crisis

In an editorial the other day we read this quote, and beg to disagree” If any bank can claim to have sailed through the global financial crisis relatively intact, it is HSBC. The bank has not been censured by the regulators; it has not been bailed out with one dollar of government funding and, most …

HSBC Skims Cash on EU Aid to Palestinians

HSBC BANK that has offices in 77 countries, claims to be a ‘socially responsible corporation’. However, this doesn’t seem to apply to the humanitarian plight of Palestinians living in the Gaza strip and the Israeli occupied West Bank territories. According to the charity Oxfam, HSBC has charged the European Union (EU) £1.9 million in bank …

Champion Mortage's portfolio acquired by once shady lender

A nightmare for homeowners everywhere might be in the near future as HSBC Finance Corporation bought Champion Mortage’s portfolio recently. You may remember HSBC Finance by their old name – Household International – and the nation’s largest predatory lending settlement. Or perhaps you recognize the from racketeering charges with their high interest rate tax loan …