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HSBC is cutting back in the U.S. after its 2003 purchase of Household International Inc. required it to set aside more than $65 billion for bad loans

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Avinash Gupta leaves HSBC

Mr Gupta is an industry veteran with nearly 20 years of experience in financial markets. He recently joined Deloitte from HSBC Bank where he served for over 10 years and was based both in London and most recently in Dubai. Prior to HSBC, he worked in several geographies including USA, Hong Kong and India for leading investment banks. He now heads the Financial Advisory at Deloitte.

Posted By Timothy Blake

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UPDATE NOTE: HSBC car loans were sold to Santander USA in 2010 :: Most HSBC credit cards became Capital One credit cards in 2012 :: HSBC horrible predatory home mortgages are in run-off