A former employee of HSBC in Florida sent us this opinion: “Ex-employee from HSBC, parent company of HFC/Beneficial collections team. First I would like to straighten some facts about prior to my bashing. This company is a pay for performance company and each employee has the bonus options. Th...

With no end in sight to the turbulence in the housing and financial markets, the chairman of the Federal Reserve Ben Bernanke said on Tuesday morning that it would issue new lending rules next week to restrict exotic mortgages and high-cost loans for people with weak credit. We want to know what the...

Hong Kong’s privacy commissioner said Friday he was ‘very concerned’ about the loss of a digital tape containing 25,000 phone conservations between HSBC and its customers. But Rod Woo told legislators at a meeting Friday that he was very concerned about the loss of the digital tape...

I was given the hard sales pitch right out of college, and I was swept off my feet with their lustrous tales of exotic sales reward trips, six figure salaries for everyone, and rapid promotion through the corporate ranks. One swine-faced sales manager who was influential in hiring me even told me th...

We like developing nations, said HSBC. It is a matter of risk and reward, or as others see it, less risk because laws are less stringent. HSBC is not doing well in Korea, as the acquisition of KEB stalls. Charges of KEB Card stock price manipulation, links to the United States through Lone Star, and...

HSBC is proposing to raise the normal retirement age for its 58,000 UK staff to 65 from 60 and ask a third of employees to contribute to their final salary scheme. This comes only days after HSBC Plc approved much larger bonuses for executives. While the two may not even be related the timing makes ...

HSBC chairman Stephen Green said the US sub-prime crisis has forced banks into a ‘profound and secular’ rethink of their lending practices. That is a good idea that we have been harping on since the 1990’s. The United States government was harping on it too, leveling charges of pre...

The governor of Ohio is trying to reach an agreement with subprime lenders. Ohio has been hit with high foreclosure rates. Governor Ted Strickland said recently “While the majority of the nine lenders said in their agreements how much notice they would give borrowers before a rate reset, some ...

In 2003 consumer advocates at Household - HSBC Watch knew nothing of Knight-Vinke and Eric Knight. The organization was known only as Household Watch. But just this morning HSBC might be planning more acquisitions in the United States. “We may consider acquiring banks linked to Spanish and Asi...

HSBC has obtained approval to set up a bank in Vietnam, making it one of the first overseas banks to incorporate there. Vietnam is an interesting prospect as HSBC did not fare well in the civilized world and thus looks for profits elsewhere. That is not to say that many developing nations are uncivi...