It looks like one more of HSBC’s grand North American ventures may be biting the dust! Matt Padilla of the O.C. Register had this: “HSBC, one of the world’s largest banks, is cutting 165 jobs at its Irvine-based lending unit Solstice Capital, which is no longer accepting loan applications. About 130 workers in Irvine are being let go in stages through early next year, said HSBC spokeswoman Kate Durham. She said the other 35 workers being cut are in Nashville, Tenn.”

This was on the Solstice website: “Solstice Capital is currently undergoing a business restructuring and not accepting applications. closed for over a year. HSBC acquired Solstice Capital Group Inc. in August 2006.”

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