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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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Irene Dorner takes over HSBC USA, Aldinger’s old job

Irene Dorner has been named President and CEO of HSBC Bank USA, N.A., the U.S. banking arm of HSBC Holdings, one of the world’s largest banking and financial services organizations. She also serves as President of HSBC USA Inc. and as a Director of HSBC North America Holdings Inc., HSBC USA Inc. and HSBC Bank USA, N.A.

Ms. Dorner is now based at the North America headquarters of HSBC in New York City, which also serves as the U.S headquarters for the Bank. She succeeds Paul Lawrence, who was recently appointed Head of Group Audit, HSBC Holdings plc, and has relocated to London.

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