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All About HSBC Bank
Established in 1865 with its headquarters in London, is named after its founding member. The Hongkong and Shanghai Banking Corporation Limited, helps to finance the growing trade between China and Europe. The bank which comprises over 9,500 offices in 76 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa is one of the largest banking and financial services organizations in the world. The bank also provides a comprehensive range of financial services, personal financial services, commercial banking, corporate, investment banking and markets, private banking, and other activities.
The entities which form the HSBC Group provide a comprehensive range of financial services to personal, commercial, corporate, institutional and investment and private banking clients. The bank started selling insurance through Ping An Insurance which was China’s second largest life insurer, and increased its stake in the company to 19.9%.
The HSBC Bank operates on Five basic Principles which are:
Outstanding Customer Service
Effective and Efficient Operations
Strong capital and Liquidity
Conservative lending policy
Strict expense discipline
In 2005, HSBC published the world’s most comprehensive survey of global attitudes to aging and retirement. The bank which has almost 2.5 million of customers provides financial services, banking services, business and commercial services to small, medium-sized and middle-market enterprises including sole proprietors, partnerships, clubs and associations, incorporated businesses and publicly quoted companies.
The Products and Services provided by the are:
Savings Accounts
Mortgages
Car Financing
Insurance
Credit Cards
Loans
Pensions and Investments
Retirement
The bank has been ranked as the Best Sub-Custodian Worldwide by the Global Finance magazine and it is also winner of Overall winner FT Sustainable Banking Awards by the Financial Times magazine.
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Reviews |
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| Review By: |
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| Location: |
New York, New York |
| Type of Mortgage: |
Refinance |
| Date: |
11-06-2007 |
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| Summary |
Had to refinance house in difficult times; made mistake of refinancing with Option One Mortgage Corp. who put me in a sub-prime 2/28 loan and then sold the mortgage to HSBC Bank as Trustee who has turned this into the mortgage from hell. On a real estate tax dispute, they set up an escrow account, and increased my monthly payments by almost 50%; they would not look at documentation or try to work out a reasonable deal to re-pay them the amount that they had advanced, and to prove to them that the escrow account had been set up in error, and no escrow balance was required going forward (all taxes now pre-paid well into the future!) Nevertheless, HSBC Bank, thru its mortgage servicer, Option One, is continuing to charge monthly escrow amounts that are three times my real estate taxes!! And despite letters of protest, they refuse to stop! . |
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