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 …

How HSBC Failed On the World Stage

Why did the subprime money pipeline shut down? And which bank was buying mortgages from brokers and lenders? HSBC of course. Subprime and second mortgages were to HSBC like Household International was to predatory lending – an easy ride to profits. Or so they thought. Second mortgages? Sorry, but HSBC has little or no security …

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 …