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<channel>
	<title>The HSBC Monitor &#187; HSBC Finance</title>
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	<link>http://hsbcwatch.com/hsbcnews</link>
	<description>Part 2 - News and Complaints Behind the Scenes</description>
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		<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>Compare HSBC M&amp;S Money to HSBC Finance credit cards</title>
		<link>http://hsbcwatch.com/hsbcnews/news/compare-hsbc-ms-money-to-hsbc-finance-credit-cards</link>
		<comments>http://hsbcwatch.com/hsbcnews/news/compare-hsbc-ms-money-to-hsbc-finance-credit-cards#comments</comments>
		<pubDate>Thu, 01 Jul 2010 15:19:26 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[General News]]></category>
		<category><![CDATA[executive committee]]></category>
		<category><![CDATA[HSBC credit card]]></category>
		<category><![CDATA[HSBC Finance]]></category>
		<category><![CDATA[M&S Money]]></category>
		<category><![CDATA[Marks & Spencer]]></category>
		<category><![CDATA[representatives]]></category>

		<guid isPermaLink="false">http://householdwatch.com/monitor/?p=1150</guid>
		<description><![CDATA[This item is categorized as a &#8220;Did You Know&#8221; feature. Did you know M&#038;S Money has an executive committee comprising an equal number of representatives from HSBC and Marks &#038; Spencer? That is true, and is because In November 2004, Marks &#038; Spencer sold M&#038;S Money to HSBC. At this time HSBC has not incorporated<a href="http://hsbcwatch.com/hsbcnews/news/compare-hsbc-ms-money-to-hsbc-finance-credit-cards" class="read-more">Continue Reading</a>]]></description>
		<wfw:commentRss>http://hsbcwatch.com/hsbcnews/news/compare-hsbc-ms-money-to-hsbc-finance-credit-cards/feed</wfw:commentRss>
		<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 and Deutsche Bank align once again</title>
		<link>http://hsbcwatch.com/hsbcnews/news/hsbc-and-deutsche-bank-align-once-again</link>
		<comments>http://hsbcwatch.com/hsbcnews/news/hsbc-and-deutsche-bank-align-once-again#comments</comments>
		<pubDate>Tue, 22 Jun 2010 00:49:20 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[General News]]></category>
		<category><![CDATA[Beneficial Finance]]></category>
		<category><![CDATA[Deutsche Bank]]></category>
		<category><![CDATA[government bailout]]></category>
		<category><![CDATA[HSBC]]></category>
		<category><![CDATA[HSBC Finance]]></category>
		<category><![CDATA[Josef Ackermann]]></category>
		<category><![CDATA[NovaStar]]></category>
		<category><![CDATA[Stephen Green]]></category>
		<category><![CDATA[subprime lenders]]></category>

		<guid isPermaLink="false">http://householdwatch.com/monitor/?p=1129</guid>
		<description><![CDATA[Bloomberg recently said &#8220;Deutsche Bank AG Chief Executive Officer Josef Ackermann and HSBC Holdings Plc Chairman Stephen Green are among bankers with a new ally in their tug of war with politicians over stricter rules: Europe’s sovereign-debt crisis.&#8221; Lets look at these two banks in America. HSBC was one of the top ten subprime lenders,<a href="http://hsbcwatch.com/hsbcnews/news/hsbc-and-deutsche-bank-align-once-again" class="read-more">Continue Reading</a>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>HSBC private club only 3 blocks from White House</title>
		<link>http://hsbcwatch.com/hsbcnews/news/hsbc-private-club-only-3-blocks-from-white-house</link>
		<comments>http://hsbcwatch.com/hsbcnews/news/hsbc-private-club-only-3-blocks-from-white-house#comments</comments>
		<pubDate>Wed, 26 May 2010 14:50:27 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[General News]]></category>
		<category><![CDATA[HSBC]]></category>
		<category><![CDATA[HSBC Finance]]></category>
		<category><![CDATA[HSBC Private Bank]]></category>

		<guid isPermaLink="false">http://householdwatch.com/monitor/?p=1105</guid>
		<description><![CDATA[HAMP modifications and foreclosures aside, HSBC is making a move in Washington DC. Forget missing lien release and predatory lending. People effected by that side of HSBC Finance are on a different planet according to some. HSBC Alternative Investments, a division of the private bank has splashed out on a $209m Washington property on behalf<a href="http://hsbcwatch.com/hsbcnews/news/hsbc-private-club-only-3-blocks-from-white-house" class="read-more">Continue Reading</a>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>HSBC Finance runoff down to 70 Billion</title>
		<link>http://hsbcwatch.com/hsbcnews/news/hsbc-finance-runoff-down-to-70-billion</link>
		<comments>http://hsbcwatch.com/hsbcnews/news/hsbc-finance-runoff-down-to-70-billion#comments</comments>
		<pubDate>Mon, 24 May 2010 11:50:25 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Subprime]]></category>
		<category><![CDATA[credit card]]></category>
		<category><![CDATA[credit cards]]></category>
		<category><![CDATA[HSBC]]></category>
		<category><![CDATA[HSBC Finance]]></category>

		<guid isPermaLink="false">http://householdwatch.com/monitor/?p=1091</guid>
		<description><![CDATA[Reuters is reporting that Household Finance Corp&#8217;s liabilities stood at about $70 billion, Chief Executive Michael Geoghegan said in Hong Kong on Monday ahead of the bank&#8217;s annual shareholders&#8217; meeting in London on May 28. The unit&#8217;s run-off portfolio, which excludes its credit cards arm, was down from $78.9 billion in loans and advances at<a href="http://hsbcwatch.com/hsbcnews/news/hsbc-finance-runoff-down-to-70-billion" class="read-more">Continue Reading</a>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Santander USA now has HSBC auto loans</title>
		<link>http://hsbcwatch.com/hsbcnews/news/santander-usa-now-has-hsbc-auto-loans</link>
		<comments>http://hsbcwatch.com/hsbcnews/news/santander-usa-now-has-hsbc-auto-loans#comments</comments>
		<pubDate>Thu, 20 May 2010 04:35:08 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[History]]></category>
		<category><![CDATA[HSBC]]></category>
		<category><![CDATA[HSBC Finance]]></category>
		<category><![CDATA[Subprime]]></category>

		<guid isPermaLink="false">http://householdwatch.com/monitor/?p=1078</guid>
		<description><![CDATA[AS a reply to many of you who asked about HSBC AUto loans, we want to clarify this point. On 10 November 2009, HSBC Finance Corporation announced its auto finance entities had reached an agreement with Santander Consumer USA Inc. (SC USA) to sell HSBC US auto loan servicing operations as well as US $1<a href="http://hsbcwatch.com/hsbcnews/news/santander-usa-now-has-hsbc-auto-loans" class="read-more">Continue Reading</a>]]></description>
		<wfw:commentRss>http://hsbcwatch.com/hsbcnews/news/santander-usa-now-has-hsbc-auto-loans/feed</wfw:commentRss>
		<slash:comments>1</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>
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		<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>
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