Former Household Finance International Profits Grow
NEW YORK, May 12 (Reuters) - Global bank HSBC’s consumer finance arm’s net income in the first quarter rose 13 percent, as customer loans grew and bankruptcies fell amid a strong U.S. economy, a filing said on Friday.
U.S.-based HSBC Finance Corp., the former Household Finance International business bought in March 2003, said that net income for the quarter ended March 31, rose to $930 million from $824 million a year earlier, using international accounting standards.
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