HSBC has decided to stop its retail lending in Hungary and end its activities in the country within three years, laying off 282 staff, Index.hu reported on Tuesday.
Archive for the Category »Emerging Markets «
First it was the United States. Now it is Mexico with new credit card laws. In May, Mexico’s Senate approved a proposal to curb hefty credit card interest rates and limit account maintenance fees and other bank charges. The country’s lower house has yet to vote on the legislation.
Category: Emerging Markets
Leave a Comment
Mexico seems to have higher standards than the U.S. when it comes to credit cards, saying what everyone lese already knows. U.S. lawmakers once said HSBC credti card terms are onerous, and as close to illegal as possible without being illegal. Mexico puts it a different way:
Category: Emerging Markets
Leave a Comment
HSBC recently started retail lending in Russia to tap a middle class it said is “relatively undamaged” by the global recession.
Category: Emerging Markets
Leave a Comment
When it comes to subprime and rabidly high oil prices, it seems there is a price to pay for defaults and missed payments, even for wealthy Saudi Arabians.
Category: Emerging Markets
Leave a Comment
