HSBC Finance Corp to Close Net Park Facility in Tampa

In an effort to improve efficiency in servicing operations HSBC Finance Corp. has announced plans to close its Net Park facility in Tampa in mid-2010. A quarterly filing with the Securities Exchange Commission on Tuesday revealed, among other things, that HSBC had spent the last two years examining ways to reduce the capital and liquidity …

UBS forecasts $2.7 Billion loss HSBC Finance

UBS is not keen on HSBC’s Household International business in the United States. Now called HSBC Finance, USB predicts more losses. HSBC Finance is laying off workers and firing others. UBS reduced its target by eight percent and kept a neutral rating, partly on concerns about HSBC’s American business Household. It said: “We are increasing …