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HSBC reviews consumer finance business in UK

The Guardian is reporting that HSBC may exit part of their UK business involving HFC. Similarly HSBC is “optimizing” HFC and Beneficial Finance offices in the United States. About 1,200 jobs are on the line. HSBC put their consumer finance operations up for review and will possibly seek buyers for the branch-based […]

New HSBC Merchant launches bid for J. Jill

Why did Liz Claiborne sign a credit card deal with former predatory lender Household International? Are they following the expansion example of non-performing Saks, another Household International (now HSBC) merchant? Here’s the answer:

Liz Claiborne launches bid for J. Jill
Fri Nov 18, 2005 12:19 PM ET
NEW YORK (Reuters) - Liz Claiborne Inc.
on Friday […]