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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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Does Wells Fargo want HSBC Finance?

This report came in a few moments ago. There is no way, at this time, to confirm or deny the accuracy of the report. So, at the end of a long week, here it is: “Just found out that the restructuring of offices is to get us ready to sell to Wells Fargo. I am a high level DSM and I have it on good word that this will happen in the next 12 months.”

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