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You're browsing: HSBC News » Subprime » Article Title: Profits from other countries support HSBC Finance
01
Nov
Profits from other countries support HSBC Finance
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Pertaining to HSBC Finance and the division’s subprime position we often ask if the former Household International unit is making money. The following information comes from the website CFO.com as HSBC’s Iain Mackay explains how other parts of HSBC keep pumping money into HSBC Finance.

Obviously HSBC’s ‘Household Model’ is not sustainable in all economies. The question is whether it is a good model for emerging economies, or is it sustainable at all.

Related posts:

  1. HSBC’s Iain Mackay no longer officer of HSBC Finance
  2. HSBC North American CFO promoted
  3. Mexico dashes hopes for shady HSBC credit card profits
  4. HSBC claims profits down because profits were up before
  5. HSBC Finance CFO on profits and reductions

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