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HSBC to Sell Its Card and Retail Services Business in the US

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HSBC to Sell Its Card and Retail Services Business in the US Powered By Docstoc
					
				
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posted:8/10/2011
language:English
pages:5
Description: NEW YORK--(EON: Enhanced Online News)--HSBC (NYSE:HBC): The sale HSBC, through its indirect, wholly owned subsidiaries, HSBC Finance Corporation, HSBC USA Inc., HSBC Technology and Services (USA) Inc. and other wholly owned affiliates, has agreed to sell its card and retail services business in the United States (the ‘Business’) to Capital One Financial Corporation (‘Purchaser’). The Business to be sold is HSBC’s monoline US credit card and private label credit card business comprising gross cus a style='font-
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