Neiman Marcus has settled a lawsuit with HSBC Finance, the operational unit of HSBC formerly known as Household International. The lawsuit pertained to private label credit cards - the cards issued by HSBC Finance (HSBC NV) containing the Neiman Marcus name instead of HSBC’s name. Part of HSBC’s private label credit card agreements […]
Thursday, June 09, 2005, 0743 GMT [Dow Jones] West LB sees HSBC Holdings (HBC) acquisitions of Neiman Marcus credit card for $640M as a positive, albeit of little impact. “This is in line with their group strategy; they’ve got a sizeable cards portfolio with some 50 million cards around the world in issue, and they […]
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