HSBC Business Credit (USA) Inc. has closed its Kansas City office, a spokeswoman for the unit’s New York-based owner said Thursday. Pamela Plehn said the operation shifted to Buffalo, N.Y. Plehn said that she didn’t know how many people HSBC’s Kansas City office had employed but that it was a small number. HSBC Business Credit offers factoring services. The unit buys clients’ accounts receivable and collects payment on those accounts. Clients come from a wide range of industries, including apparel, furniture and computers. HSBC Bank USA is based in New York. The bank’s owner, HSBC Holdings Plc., has holdings around the world and is based in London.

We are sure the employees in Kansas City were not impressed with Plehn’s lack of knowledge about them and the number of employees in Kansas City soon to be unemployed.

Popularity: 4% [?]

No related posts.