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Household – HSBC Watch is writing “A Look Back at Merchants in 2005″ – an analysis of how well HSBC Finance Corp merchants are doing now that they aligned their credit card, and their customers, with former predatory lender Household International (HSBC Finance Corp). The bottom line is these poor decision makers are struggling, which is why they went with a predatory lender to begin with. Example:
By Jennifer Waters, MarketWatch, Last Update: 4:45 PM ET Aug. 26, 2005 –
CHICAGO (MarketWatch) — Saks Inc. shares slumped 10% Friday after a retail-industry trade magazine reported that the parent of the Saks Fifth Avenue stores as well as more moderately priced stores such as Carson Pirie Scott and Bergner’s could be picked apart by the time a sale deal is inked.
This article, A Look Back at HSBC Merchants in 2005, is just one of our articles from our Bank Horror Stories, HSBC Secrets Part 3
Bank Horror Stories monitors banking problems and customer complaints and has done so since 1999. Writers hold no stock positions. Some material is used under the fair use copyright act.
We use Thomson Reuters News Service Calais in all production material but are not associated with Thomson Reuters, banks, or financial institutions in any way.
