HSBC exposes sensitive bankruptcy data

Acording to the Attorney General of New Hampshire HSBC exposed sensitive bankruptcy data. Some customers of the following HSBC companies are affected: HSBC Taxpayer Financial Services, Beneficial New Hampshire and Household Finance Corporation.
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HSBC self interests will rescue Dubai

Our staff took some time off during the US Thanksgiving holiday. Financial markets in Dubai did not, leaving HSBC in a bad position. HSBC Holdings Plc and Standard Chartered Plc sank more than 7 percent in Hong Kong as CLSA Asia-Pacific Markets said Dubai World’s...
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Farmer Mac invested in HSBC Finance subprime risk

The Federal Agricultural Mortgage Corporation, otherwise referred to as Farmer Mac, invested corporate funds in HSBC Finance. Farmer Mac President and Chief Executive Officer Michael Gerber had to know the following: • HSBC Finance lost approximately $40 billion since 2003 • HSBC shut down all...
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HSBC Finance post pre-tax loss

HSBC Finance posted a pretax loss of $2.7 billion, compared with a $300 million loss a year earlier. Still, that was down from a second-quarter loss of $6.9 billion, due in part to a charge in that quarter on the value of the unit’s own...
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