Be weally weally nice to ya banka cuz it's no fun when ya banka feels gwumpy

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1. Spitzer is urged to probe RBS (2005)

From The Sunday Times
May 1, 2005

HSBC, Britain’s biggest bank, has already confirmed it is part of the investigation, led by New York attorney-general Eliot Spitzer ...

Spitzer’s investigation centres on the controversial “sub-prime” lending market, in which personal loans, credit cards and mortgages are offered at high interest rates to those who are unable to get credit from mainstream lenders. They include minorities ...

http://business.timesonline.co.uk/tol/business/article387126.ece

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2. HSBC denied order against Spitzer (2005)

02 Aug 2005 Banks denied order against Spitzer — New York attorney-general Eliot Spitzer has won the first round in a lawsuit filed against him by a coalition of banks after a federal judge refused to order a restraining order against the attorney-general.

US Federal District Court Judge Sydney Stein refused the banking groups’ requests to block Spitzer from seeking further data about their lending practices to low-income borrowers, but said that he would reconsider if Spitzer tried to subpoena information from the banks before he rules on the lawsuit. The directive comes after the Clearing House Association, which represents a coalition of 11 banks, including HSBC Bank USA, filed a lawsuit earlier in the month asking the court to block Spitzer from probing into whether they charge minorities excessive mortgage rates ...

http://householdwatch.com/wp/2005/08/02/hsbc-denied-order-against-spitzer

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3. HSBC Tax Partner Block Charged Again (2006)

In what is becoming a regular happening at HSBC’s tax preparation partner H&R Block, more charges were presented and executives have been exposed. Here it is:

ALBANY, N.Y. - New York Attorney General Eliot Spitzer on Monday said he has evidence that H&R Block executives not only knew they were pushing customers to buy money-losing retirement account plans, but penalized employees who refused to recommend them.

Spitzer amended his March suit against the giant tax preparation company with copies of e-mails that he said show managers disregarded complaints from tax preparers about misleading marketing of the retirement product called Express IRA. The internal documents also showed that tax preparers were told “sell more IRAs” or “there’s the door.” ...

This entry was posted on Monday, May 15th, 2006 at 5:51 pm and is filed under 2006 HSBC, Predatory Lending, Scams ...

http://householdwatch.com/wp/2006/05/15/hsbc-tax-partner-block-charged-again