Capital One to buy HSBC credit card business

Orchard Bank , Household Bank, and HSBC credit card customers will soon be sending payments to Capital One, if a recently-announced multi-billion dollar deal is completed. According to reports from Reuters and the Wall Street Journal, London-based HSBC had expressed intentions to focus its operations on UK consumer banking and on catering to affluent global …

Wells, Capital One Eye HSBC Assets

NEW YORK, July 14 (Reuters) – Capital One Financial Corp and Wells Fargo are among the bidders for HSBC Holdings Plc’s U.S. credit card portfolio, according to sources familiar with the situation. In a separate HSBC asset sale, U.S. regional banks First Niagara Financial Group, KeyCorp, and M&T Bank Corp are among the bidders for …