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HSBC is cutting back in the U.S. after its 2003 purchase of Household International Inc. required it to set aside more than $65 billion for bad loans

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Posts Tagged ‘ credit card ’

26 May
Posted in General News
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HSBC Mortgage Services and foreclosures

DR in Iowa asks this question that many others asked over the years: “Household Watch, will you please help me understand something? Why is HSBC Mortgage Services not being forced by our government, banking commissions, courts, or regulators to work with homeowners to keep their homes? I have had it [...]

24 May
Posted in Subprime
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HSBC Finance runoff down to 70 Billion

Reuters is reporting that Household Finance Corp’s liabilities stood at about $70 billion, Chief Executive Michael Geoghegan said in Hong Kong on Monday ahead of the bank’s annual shareholders’ meeting in London on May 28. The unit’s run-off portfolio, which excludes its credit cards arm, was down from $78.9 billion [...]

24 April
Posted in Jobs and Layoffs
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Former HSBC employee speaks of insurance and more

I worked for HSBC for almost 10 years and hated every second of it. They dont care about their employees or customers and I often was on probation because I couldn’t stomach telling someone who paid for credit insurance for 10 years that they couldnt use it because they needed [...]

18 April
Posted in General News
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HSBC admits mistake and sends case of wine

Here is a post from the Guardian in the UK. IF HSBC sent a case of wine to every American that routinely experiences the same problem HSBC would go broke. Here is the complaint, and, after press involvement, HSBC’s reply. I have held an HSBC credit card since 1980. For [...]

8 April
Posted in Jobs and Layoffs
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HSBC Card Services In Tulsa To Close former Metris location

HSBC Card Services confirms that it will close HSB card Services in Tulsa in September. The credit card collections agency, part of HSBC FInance, employs close to 500 people. The Tulsa facility is located at about 129th and 51st Street in east Tulsa. “We greatly appreciate the dedication and contribution [...]