Former Household Finance International Profits Grow

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NEW YORK, May 12 (Reuters) – Global bank HSBC’s consumer finance arm’s net income in the first quarter rose 13 percent, as customer loans grew and bankruptcies fell amid a strong U.S. economy, a filing said on Friday.

U.S.-based HSBC Finance Corp., the former Household Finance International business bought in March 2003, said that net income for the quarter ended March 31, rose to $930 million from $824 million a year earlier, using international accounting standards.

This article, Former Household Finance International Profits Grow, is just one of our articles from our Bank Horror Stories, HSBC Secrets Part 3

Bank Horror Stories monitors banking problems and customer complaints and has done so since 1999. Writers hold no stock positions. Some material is used under the fair use copyright act.

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This entry was written by Timothy Blake, posted on 5/12/2006 at 10:08 pm, and filed under 2006 HSBC, HSBC Worldwide, In the U.S. and tagged , .
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Former Household Finance International Profits Grow

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