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Why did Liz Claiborne sign a credit card deal with former predatory lender Household International? Are they following the expansion example of non-performing Saks, another Household International (now HSBC) merchant? Here’s the answer:

Liz Claiborne launches bid for J. Jill
Fri Nov 18, 2005 12:19 PM ET

NEW YORK (Reuters) – Liz Claiborne Inc. on Friday made an unsolicited offer to buy apparel chain J. Jill Group Inc. for about $366 million after previous friendly bids were spurned. Liz Claiborne offered $18 a share for J. Jill, a nearly 41 percent premium over the stock’s closing price on Thursday.

This article, New HSBC Merchant launches bid for J. Jill, is just one of our articles from our Bank Horror Stories, HSBC Secrets Part 3

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