NEW YORK — The U.S. arm of HSBC Holdings PLC said it will shuffle its senior management team, including replacing the head of its retail banking unit.
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Category: 2006 HSBC, In the U.S., Metris Status, Who's Who in 06
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NEW YORK (Reuters) - The chief of HSBC Holdings’s U.S. retail banking unit said on Monday he would prefer to expand existing businesses, including branches, rather than pay elevated market prices to grow by acquisition.
Martin Glynn, who runs HSBC Bank USA, also said his unit is faring about as well as big U.S. banks in combating the difficult U.S. interest rate environment. The world’s third-biggest bank by assets has avoided major U.S. bank purchases in recent years, unlike such big rivals as Bank of America , JPMorgan Chase & Co. and Wachovia.
Category: 2006 HSBC, In the U.S., Metris Status, Predatory Lending, Scams
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Household - HSBC Watch has learned of layoffs within Metris now that HSBC owns the company. Jacksonville Florida and White Marsh Maryland locations of Metris have seen layoffs. In addition, the Metris skip tracing and debt waiver department received notice that their last day will be May 12th. Look for other reductions in Scottsdale Arizona. Not clear at this time is whether these jobs will be absorbed by HSBC employees in the United States or if the jobs are already in India.
Category: 2006 HSBC, In the U.S., Metris Status, Predatory Lending
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