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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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No $2500 loan from HSBC for social security recipient

RW in Maryland said: “I am on disabilty and tried, but failed, to get a samll loan of $2500.00 to pay some bills. I told the lady that I would put at least half of my money in the bank so I could make sure I had enough to make payments. I was going to direct deposit my Social Security check. I told them it would be OK to take out payments from account. I think us baby boomers helped make HSBC. I am 61 and my wife is 63. My mother dealt with HSBC for years.”

Posted By Timothy Blake

HSBC Watch is a watchdog and consumer activist coalition.

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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