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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 ‘ HSBC Private Bank ’

26 May
Posted in General News
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HSBC private club only 3 blocks from White House

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 [...]

20 February
Posted in General News
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HSBC buys properties in Northeast big cities

HSBC Private Bank’s hedge fund division is strengthening its real estate group as it embarks on an effort to buy up properties in the Northeast’s biggest cities. Chris Allen, head of HSBC Alternatives, has been named CEO of the group, which manages $31 billion in hedge fund assets. HAIL has [...]

22 December
Posted in General News
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UPDATE – HSBC and the Madoff Ponzi Scheme

HSBC is facing investor complaints in Ireland for allegedly failing in its duties as custodian for Thema International Fund Plc. Custodians are charged with oversight of funds, and manage deposits and payments to investors. An Irish judge said he may combine cases brought by investors that lost assets in a [...]

13 December
Posted in General News
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Le Journal du Dimanche reports 130,000 HSBC clients compromised

Is HSBC telling the truth when the bank said only 10 clients were effected by data theft at HSBC Private Bank? Le Journal du Dimanche says the number is more like 130,000. Citizens of Colombia, Italy and “many other countries” are among the 130,000 clients whose data was stolen, according [...]

10 December
Posted in General News
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HSBC Theft hits less than ten, others say thousands of clients

HSBC said “potentially fewer than ten people” were compromised in a theft of personal data from HSBC Private Bank in Geneva. Le Parisien newspaper said that the files contained details of thousands of clients of HSBC Private Bank in Geneva. Who are we to believe? Eric Woerth, the French Budget [...]