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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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Bomb explodes outside HSBC in Athens

Reuters reports that a makeshift bomb has exploded outside a HSBC branch in Athens. No injuries have been reported. This comes just moments after the Spanish Finance Minister confirmed a 11 billion euro bailout deal for Greece.

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