Uncategorized - Written by editor on Monday, June 13, 2011 5:45 - 0 Comments

HSBC says will run down U.S. card business if buyer not found

HSBC says unloads U.S. card business, if the buyer is not found
HSBC Holdings unloads his billion U.S. credit card business, if they can not find a buyer, the bank's chief executive said on Monday to cut the part of the efforts to reduce costs and retail banking.
Read more about Reuters via Yahoo News

HSBC May Phase Out U.S. Credit Card Business
HSBC Holdings is to close its billion U.S. credit card business, if it can not find a buyer, the bank's chief executive said on Monday. The move is part of its efforts to reduce costs significantly and to return to the private client business.
Read more on CNBC

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