May 11, 2009: In the U.S., the HSBC Finance exit portfolio was managed down to $96 billion from $100 billion. Loan impairment charges on the portfolio were $2.4 billion, a decline of $600 million from the final quarter of 2008. What does that mean?
Archive for » May, 2009 «
At this to the list of things HSBC doesn’t like, would do in another way, or could do in a better way:
Category: General News
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You remember Bill Aldinger, former HSBC USA executive, and before that the head of predatory lender Household International. For years we questioned the good judgement of companies where Bill The Predator sat on their board of directors. Now, those companies are taking note.
Category: Subprime
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Did HSBC reduce your credit line? Did your available credit drop in recent months? HSBC has company in this arena.
Category: General News
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HSBC is listed as the eighth largest subprime originator because of its purchase of Decision One in 1999 and Household International in 2003. From 1999 to 2008 HSBC donated more than $6.4m and spent $21m on lobbying activities in Washington.
Category: Subprime
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