Comments on: HSBC Exports Predatory Lending Model http://householdwatch.com/wp/2005/09/26/hsbc-exports-predatory-lending-model News Release - HSBC news, articles, and editorials Tue, 02 Dec 2008 14:21:28 +0000 http://wordpress.org/?v=1.5.2 Comment on HSBC Exports Predatory Lending Model by: Guest http://householdwatch.com/wp/2005/09/26/hsbc-exports-predatory-lending-model#comment-2074 Tue, 27 Sep 2005 20:36:02 +0000 http://householdwatch.com/wp/2005/09/26/hsbc-exports-predatory-lending-model#comment-2074 Be advised that HSBC Finance Corporation and Metris Companies Inc. have entered into a definitive agreement for HSBC Finance to acquire Metris in an all-cash transaction which values Metris at US$1.594 billion. Upon completion, Metris will become a wholly-owned subsidiary of HSBC Finance. Metris is based in Minnetonka, MN, and is a large bankcard issuer that was spun off from Fingerhut in 1994 and became a public company in 1996. Metris issues credit cards through Direct Merchants Credit Card Bank, N.A., a wholly-owned subsidiary headquartered in Phoenix, AZ. The Board of Directors of Metris has unanimously approved the transaction, as has the Board of Directors for HSBC Finance. The transaction is scheduled to close on December 9, 2005. http://biz.yahoo.com/prnews/050804/nyth115.html?.v=18 Be advised that HSBC Finance Corporation and Metris Companies Inc. have entered into a definitive agreement for HSBC Finance to acquire Metris in an all-cash transaction which values Metris at US$1.594 billion. Upon completion, Metris will become a wholly-owned subsidiary of HSBC Finance. Metris is based in Minnetonka, MN, and is a large bankcard issuer that was spun off from Fingerhut in 1994 and became a public company in 1996. Metris issues credit cards through Direct Merchants Credit Card Bank, N.A., a wholly-owned subsidiary headquartered in Phoenix, AZ. The Board of Directors of Metris has unanimously approved the transaction, as has the Board of Directors for HSBC Finance. The transaction is scheduled to close on December 9, 2005.

http://biz.yahoo.com/prnews/050804/nyth115.html?.v=18

]]>