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HSBC Finance Corporation is a financial services company and a subsidiary of HSBC Holdings. It is the sixth-largest issuer of MasterCard and Visa credit cards in the United States. HSBC Finance Corporation was formed from the legal entity that had been known as Household International—shortly after Household International settled for US$486 ...
hsbc .com. HSBC Holdings plc ( Chinese: 滙豐; acronym from its founding member The Hongkong and Shanghai Banking Corporation) is a British universal bank and financial services group headquartered in London, England, with historical and business links to East Asia and a multinational footprint.
HSBC (NYS: HBC) has decided to sell off its U.S. credit card arm to Capital One Financial (NYS: COF) -- yet another cost-cutting initiative by the European banking giant to enable it to focus on ...
HSBC Bank USA, National Association, an American subsidiary of the British banking group HSBC, is a bank with its operational head office in New York City and its nominal head office in McLean, Virginia (as designated on its charter). HSBC Bank USA, N.A. is a national bank chartered under the National Bank Act, and thus is regulated by the ...
HSBC Bank Canada ( French: Banque HSBC Canada ), formerly the Hongkong Bank of Canada ( HBC ), was a British-Canadian chartered bank and the former Canadian subsidiary of British multinational banking and financial services company HSBC . It was the seventh largest bank in Canada, with offices in every province except Prince Edward Island, and ...
In 2004, RBS purchased the credit card division of Connecticut-based People's Bank. This purchase allowed Citizens to issue and market its own credit cards. In October 2015, RBS sold its remaining stake in Citizens Financial Group, having progressively reduced its stake through an initial public offering (IPO) started in 2014.
Visa Inc. Visa Inc. ( / ˈviːzə, ˈviːsə /; stylized as VISA) is an American multinational payment card services corporation headquartered in San Francisco, California. [1] [4] It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, debit cards and prepaid cards. [5]
In December 2011, HSBC announced to selling its private bank in Japan to Swiss peer Credit Suisse for an undisclosed sum, but at the end of October 2011 the value of the gross assets included in the sale was about $2.7 billion. It was a strategy to cut $3.5 billion annual costs by quitting businesses or countries where it lacks scale which ...