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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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Posts Tagged ‘ closings ’

13 June
Posted in Jobs and Layoffs
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HSBC Ends Credit Card Business

HSBC said it aimed to slash up to $3.5 billion in costs and cut back in retail banking, to lift its return on equity. As part of this it is deciding whether to keep its U.S. card business, where its customer base is not linked to the rest of the [...]

24 October
Posted in Jobs and Layoffs
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HSBC layoffs in Kentucky to include DSM

RE: HSBC employees and HFC Beneficial :: Apparently word through the grapevine (aka A VERY credible source) in Kentucky is there will be at least 1-2 offices in each district (Kentucky East and Kentucky West) closing by the end of November. This information is inadvertedly confirmed through the due dates [...]