HSBC Retail Banking Really Means “Finance Company”
We spotted a new term recently which tries to glorify HSBC’s finance company while downplaying predatory lending from Household International. The term is “HSBC Retail Banking”. While their actually is a bank involved, HSBC retail banking is part of HSBC Finance Corporation - the new name for Household International. True while collar bankers say they are a finance company with little in common with banking.
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