WK in Illinois said “I have followed HSBC/Household Watch for some time and I spent 10 years there as an employee before I was “retired” in 2006. It is interesting to read accounts about how HSBC deemed the purchase of Household International a bad decision. It’s nice of them to [...]
Posts Tagged ‘ layoffs ’
HSBC said it will also sell, shut or slim down retail operations in 39 markets, where operations are sub-scale and unprofitable and is looking to sell its U.S. credit card arm and shrink its network of 475 U.S. branches.
Here is some news that will certainly effect HSBC in the United States. In a bid to reduce outsourcing of U.S. jobs, a Democratic senator said on Sunday he will push legislation to make companies inform customers when their calls were being transferred outside the United States and charge companies [...]
In an effort to improve efficiency in servicing operations HSBC Finance Corp. has announced plans to close its Net Park facility in Tampa in mid-2010. A quarterly filing with the Securities Exchange Commission on Tuesday revealed, among other things, that HSBC had spent the last two years examining ways to [...]
UBS is not keen on HSBC’s Household International business in the United States. Now called HSBC Finance, USB predicts more losses. HSBC Finance is laying off workers and firing others. UBS reduced its target by eight percent and kept a neutral rating, partly on concerns about HSBC’s American business Household. [...]