Don’t give money to deadbeats.
“Stephen Green, HSBC’s current chairman, said the London- based bank regrets the 2003 purchase of Prospect Heights, Illinois-based Household International, which added almost 50 million U.S. clients, many with spotty credit histories.”
Don’t give money to thieves, either.
“HSBC also confirmed that it lost about $1 billion in the alleged investment fraud by Wall Street financier Bernard Madoff.”
From:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aqP4Jt4H2UpU&refer=home
and (the following site will open obnoxious popup windows if you have javascript enabled)