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Bruce Fletcher chief credit officer

PROSPECT HEIGHTS, Ill., April 20 /PRNewswire/ — HSBC – North America announced today the appointment of Bruce Fletcher as senior vice president and chief credit officer for retail credit for HSBC North America Holdings Inc. In this capacity, Fletcher will serve as chief credit officer and will oversee and integrate retail credit risk management for all of the company’s North American entities. In addition, he will serve as chief credit officer for HSBC Finance Corporation, formerly Household International, Inc. He will report directly to Dave Gibbons, senior executive vice president and chief risk officer.

This announcement was reviewed by Household – HSBC Watch.

Posted By Timothy Blake

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HSBC USA Fail

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

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