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<channel>
	<title>The HSBC Monitor &#187; Household International</title>
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	<link>http://hsbcwatch.com/hsbcnews</link>
	<description>Part 2 - News and Complaints Behind the Scenes</description>
	<lastBuildDate>Mon, 14 May 2012 15:36:26 +0000</lastBuildDate>
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		<title>An Obituary for HSBC Consumer Finance</title>
		<link>http://hsbcwatch.com/hsbcnews/news/an-obituary-for-hsbc-consumer-finance</link>
		<comments>http://hsbcwatch.com/hsbcnews/news/an-obituary-for-hsbc-consumer-finance#comments</comments>
		<pubDate>Thu, 05 Jan 2012 22:32:25 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[General News]]></category>
		<category><![CDATA[America]]></category>
		<category><![CDATA[bank]]></category>
		<category><![CDATA[Chicago Tribune]]></category>
		<category><![CDATA[consumer finance]]></category>
		<category><![CDATA[Household International]]></category>
		<category><![CDATA[HSBC]]></category>
		<category><![CDATA[JP Morgan]]></category>
		<category><![CDATA[predatory lender]]></category>
		<category><![CDATA[queen , but credit cards were all good]]></category>
		<category><![CDATA[Wells Fargo]]></category>

		<guid isPermaLink="false">http://hsbcnews.lenderwatch.org/?p=1262</guid>
		<description><![CDATA[What happens when HSBC dives in to subprime, takes a huge multibillion dollar loss, turns tail and runs away from customers, and alienates as many US citizens as possible? Wells Fargo has become the largest Western bank when measured by its stock market value after it leapfrogged rivals HSBC and JP Morgan last year. I<a href="http://hsbcwatch.com/hsbcnews/news/an-obituary-for-hsbc-consumer-finance" class="read-more">Continue Reading</a>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>HSBC decisions reflect current economic woes</title>
		<link>http://hsbcwatch.com/hsbcnews/news/hsbc-decisions-reflect-current-economic-woes</link>
		<comments>http://hsbcwatch.com/hsbcnews/news/hsbc-decisions-reflect-current-economic-woes#comments</comments>
		<pubDate>Sun, 11 Sep 2011 12:31:55 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Afterthoughts]]></category>
		<category><![CDATA[Household International]]></category>
		<category><![CDATA[HSBC]]></category>
		<category><![CDATA[Illinois]]></category>
		<category><![CDATA[jobs]]></category>
		<category><![CDATA[layoffs]]></category>
		<category><![CDATA[Wood Dale]]></category>

		<guid isPermaLink="false">http://householdwatch.com/monitor/?p=1181</guid>
		<description><![CDATA[WK in Illinois said &#8220;I have followed HSBC/Household Watch for some time and I spent 10 years there as an employee before I was &#8220;retired&#8221; in 2006. It is interesting to read accounts about how HSBC deemed the purchase of Household International a bad decision. It&#8217;s nice of them to finally admit it. Over the<a href="http://hsbcwatch.com/hsbcnews/news/hsbc-decisions-reflect-current-economic-woes" class="read-more">Continue Reading</a>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>HSBC Ends Credit Card Business</title>
		<link>http://hsbcwatch.com/hsbcnews/news/hsbc-ends-credit-card-business</link>
		<comments>http://hsbcwatch.com/hsbcnews/news/hsbc-ends-credit-card-business#comments</comments>
		<pubDate>Mon, 13 Jun 2011 12:32:09 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Jobs and Layoffs]]></category>
		<category><![CDATA[closings]]></category>
		<category><![CDATA[Household International]]></category>
		<category><![CDATA[HSBC card services]]></category>
		<category><![CDATA[HSBC Finance]]></category>
		<category><![CDATA[selloff]]></category>
		<category><![CDATA[shutdown]]></category>

		<guid isPermaLink="false">http://householdwatch.com/monitor/?p=1157</guid>
		<description><![CDATA[HSBC said it aimed to slash up to $3.5 billion in costs and cut back in retail banking, to lift its return on equity. As part of this it is deciding whether to keep its U.S. card business, where its customer base is not linked to the rest of the group. HSBC&#8217;s credit card business<a href="http://hsbcwatch.com/hsbcnews/news/hsbc-ends-credit-card-business" class="read-more">Continue Reading</a>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Household Life Insurance as part of HSBC Finance</title>
		<link>http://hsbcwatch.com/hsbcnews/news/household-life-insurance-as-part-of-hsbc-finance</link>
		<comments>http://hsbcwatch.com/hsbcnews/news/household-life-insurance-as-part-of-hsbc-finance#comments</comments>
		<pubDate>Wed, 23 Jun 2010 15:19:56 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[History]]></category>
		<category><![CDATA[A.M. Best]]></category>
		<category><![CDATA[First Central]]></category>
		<category><![CDATA[First Central National Life]]></category>
		<category><![CDATA[Household International]]></category>
		<category><![CDATA[Household Life]]></category>
		<category><![CDATA[HSBC Finance]]></category>
		<category><![CDATA[HSBC Holdings]]></category>

		<guid isPermaLink="false">http://householdwatch.com/monitor/?p=1139</guid>
		<description><![CDATA[We are not interested in ratings by A.M. Best. What we are interested in is Household Life, who owns it, and how many holding companies one must go through. Household Life is one of the last remaining reflections of Household International, owned by HSBC since 1993. A.M. Best Co. has affirmed the financial strength rating<a href="http://hsbcwatch.com/hsbcnews/news/household-life-insurance-as-part-of-hsbc-finance" class="read-more">Continue Reading</a>]]></description>
		<wfw:commentRss>http://hsbcwatch.com/hsbcnews/news/household-life-insurance-as-part-of-hsbc-finance/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>HSBC did not sail through the financial crisis</title>
		<link>http://hsbcwatch.com/hsbcnews/news/hsbc-did-not-sail-through-the-financial-crisis</link>
		<comments>http://hsbcwatch.com/hsbcnews/news/hsbc-did-not-sail-through-the-financial-crisis#comments</comments>
		<pubDate>Tue, 22 Jun 2010 00:37:52 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[General News]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[censure]]></category>
		<category><![CDATA[government funding]]></category>
		<category><![CDATA[Household International]]></category>
		<category><![CDATA[HSBC]]></category>
		<category><![CDATA[HSBC complaints]]></category>
		<category><![CDATA[lax lending]]></category>
		<category><![CDATA[OCC]]></category>
		<category><![CDATA[regulator]]></category>
		<category><![CDATA[subprime lenders]]></category>
		<category><![CDATA[western media]]></category>

		<guid isPermaLink="false">http://householdwatch.com/monitor/?p=1127</guid>
		<description><![CDATA[In an editorial the other day we read this quote, and beg to disagree&#8221; 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<a href="http://hsbcwatch.com/hsbcnews/news/hsbc-did-not-sail-through-the-financial-crisis" class="read-more">Continue Reading</a>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Forget subprime &#8211; HSBC USA wants globally minded customers</title>
		<link>http://hsbcwatch.com/hsbcnews/news/forget-subprime-hsbc-usa-wants-globally-minded-customers</link>
		<comments>http://hsbcwatch.com/hsbcnews/news/forget-subprime-hsbc-usa-wants-globally-minded-customers#comments</comments>
		<pubDate>Wed, 19 May 2010 19:04:13 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[General News]]></category>
		<category><![CDATA[Household International]]></category>
		<category><![CDATA[HSBC]]></category>
		<category><![CDATA[HSBC Finance]]></category>
		<category><![CDATA[HSBC USA]]></category>
		<category><![CDATA[Subprime]]></category>

		<guid isPermaLink="false">http://householdwatch.com/monitor/?p=1076</guid>
		<description><![CDATA[HSBC Bank USA, N.A. today confirmed the appointment of seven experienced bankers to reinforce its expanding Premier business in Washington D.C. Clearly this is a step HSBC can take with or without Household International and HSBC Finance. HSBC&#8217;s premium international financial management service is tailored to individual needs while providing globally minded customers with access<a href="http://hsbcwatch.com/hsbcnews/news/forget-subprime-hsbc-usa-wants-globally-minded-customers" class="read-more">Continue Reading</a>]]></description>
		<wfw:commentRss>http://hsbcwatch.com/hsbcnews/news/forget-subprime-hsbc-usa-wants-globally-minded-customers/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>HSBC data theft may end Swiss bank secrecy</title>
		<link>http://hsbcwatch.com/hsbcnews/news/hsbc-data-theft-may-end-swiss-bank-secrecy</link>
		<comments>http://hsbcwatch.com/hsbcnews/news/hsbc-data-theft-may-end-swiss-bank-secrecy#comments</comments>
		<pubDate>Fri, 14 May 2010 15:01:34 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[General News]]></category>
		<category><![CDATA[Household International]]></category>
		<category><![CDATA[HSBC]]></category>
		<category><![CDATA[HSBC Finance]]></category>
		<category><![CDATA[Subprime]]></category>

		<guid isPermaLink="false">http://householdwatch.com/monitor/?p=1071</guid>
		<description><![CDATA[HSBC has caused or seen the end of many eras. Some were intentional and some were not. HSBC caused the end of predatory lender Household International when HSBC bought the company. HSBC saw the end of HSBC Finance, formerly Household International. Now HSBC may have caused the end of Swiss bank privacy. Switzerland has now<a href="http://hsbcwatch.com/hsbcnews/news/hsbc-data-theft-may-end-swiss-bank-secrecy" class="read-more">Continue Reading</a>]]></description>
		<wfw:commentRss>http://hsbcwatch.com/hsbcnews/news/hsbc-data-theft-may-end-swiss-bank-secrecy/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>HSBC cautioned in New Zealand</title>
		<link>http://hsbcwatch.com/hsbcnews/news/hsbc-cautioned-in-new-zealand</link>
		<comments>http://hsbcwatch.com/hsbcnews/news/hsbc-cautioned-in-new-zealand#comments</comments>
		<pubDate>Wed, 12 May 2010 19:53:22 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[General News]]></category>
		<category><![CDATA[Household International]]></category>
		<category><![CDATA[HSBC]]></category>
		<category><![CDATA[HSBC Finance]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[mortgages]]></category>

		<guid isPermaLink="false">http://householdwatch.com/monitor/?p=1062</guid>
		<description><![CDATA[The New Zealand Commerce Commission has warned state-owned lender Kiwibank and HSBC over the fees they charge customers for repaying mortgages early. The regulator completed an investigation into the fees after “a range of complaints from bank customers” following sharp declines in interest rates in late 2008 and early 2009. Kiwibank and HSBC were warned<a href="http://hsbcwatch.com/hsbcnews/news/hsbc-cautioned-in-new-zealand" class="read-more">Continue Reading</a>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Five year shutdown for HSBC Finance</title>
		<link>http://hsbcwatch.com/hsbcnews/news/five-year-shutdown-for-hsbc-finance</link>
		<comments>http://hsbcwatch.com/hsbcnews/news/five-year-shutdown-for-hsbc-finance#comments</comments>
		<pubDate>Sun, 09 May 2010 14:28:01 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Subprime]]></category>
		<category><![CDATA[Household International]]></category>
		<category><![CDATA[HSBC]]></category>
		<category><![CDATA[HSBC Finance]]></category>
		<category><![CDATA[HSBC USA]]></category>
		<category><![CDATA[mortgage]]></category>

		<guid isPermaLink="false">http://householdwatch.com/monitor/news/five-year-shutdown-for-hsbc-finance</guid>
		<description><![CDATA[HSBC was elevated to the unenviable position of biggest U.S. subprime mortgage lender after buying Illinois-based Household International Inc. six years ago for $14 billion. It announced in March that it would shut the unit, renamed HSBC Finance, over the next five years. The bank said bad loan provisions at HSBC Finance declined to $2.3<a href="http://hsbcwatch.com/hsbcnews/news/five-year-shutdown-for-hsbc-finance" class="read-more">Continue Reading</a>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Loan impairment charges increase at HSBC</title>
		<link>http://hsbcwatch.com/hsbcnews/news/loan-impairment-charges-increase-at-hsbc</link>
		<comments>http://hsbcwatch.com/hsbcnews/news/loan-impairment-charges-increase-at-hsbc#comments</comments>
		<pubDate>Mon, 01 Mar 2010 13:05:00 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[General News]]></category>
		<category><![CDATA[Household International]]></category>
		<category><![CDATA[HSBC]]></category>
		<category><![CDATA[HSBC Finance]]></category>

		<guid isPermaLink="false">http://householdwatch.com/monitor/?p=940</guid>
		<description><![CDATA[HSBC is not clear of financial problems. HSBC reported earnings for last year that fell short of expectations and said Monday that it had set aside more money for bad loans, sending its shares falling. HSBC also reported a big drop in profit in the Asia-Pacific region. HSBC&#8217;s overall 2009 profit of $7.1 billion was<a href="http://hsbcwatch.com/hsbcnews/news/loan-impairment-charges-increase-at-hsbc" class="read-more">Continue Reading</a>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
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