HSBC to sell US unit

March 5 2013 at 04:17pm
By Reuters

Reuters.

HSBC Holdings Plc said it agreed to sell a US subsidiary's personal unsecured loan and personal homeowner loan portfolios to SpringCastle Acquisition LLC and Newcastle Investment Corp.

The subsidiary, HSBC Finance Corp, also said it agreed to sell its loan servicing facility and related assets in London, Kentucky to Springleaf Finance Inc.

The total consideration to be paid by SpringCastle and its parent, Springleaf, is $3.2 billion in cash.

“These agreements accelerate the run-off of the legacy consumer mortgage and lending business and are a continuation of HSBC's strategy to reposition its US operations and focus on the core businesses supporting our aim to be the world's leading international bank,” Patrick Burke, CEO, HSBC Finance Corp said in a statement. - Reuters

Comment Guidelines

Please read our comment guidelines.
Login and register, if you haven’ t already.
Write your comment in the block below and click (Post As)
Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

Most Viewed

Join us on

tranquility_01
I'm a 29 year old woman looking to meet men between the ages of 31 and 38.
View Profile

Sedy001
I'm a 32 year old woman looking to meet men between the ages of 30 and 45.
View Profile

ntando_784
I'm a 33 year old woman looking to meet men between the ages of 40 and 50.
View Profile

abbygail_016
I'm a 22 year old woman looking to meet men between the ages of 28 and 35.
View Profile

JhbNewby
I'm a 27 year old woman looking to meet men between the ages of 27 and 37.
View Profile

Waitnomore
I'm a 41 year old woman looking to meet men between the ages of 40 and 50.
View Profile

phatmadam
I'm a 28 year old woman looking to meet men between the ages of 34 and 42.
View Profile

Feist
I'm a 53 year old woman looking to meet men between the ages of 50 and 59.
View Profile

Immaculate8m
I'm a 26 year old woman looking to meet men between the ages of 28 and 48.
View Profile

violet_222
I'm a 45 year old woman looking to meet men between the ages of 40 and 53.
View Profile

ONTHA_042
I'm a 31 year old woman looking to meet men between the ages of 30 and 45.
View Profile

letsdothis11
I'm a 28 year old woman looking to meet men between the ages of 29 and 45.
View Profile

Charmaine001
I'm a 29 year old woman looking to meet men between the ages of 32 and 45.
View Profile

Stheh123
I'm a 22 year old woman looking to meet men between the ages of 25 and 30.
View Profile

lavenderyellow
I'm a 39 year old woman looking to meet men between the ages of 35 and 43.
View Profile

Phumi900
I'm a 29 year old woman looking to meet men between the ages of 28 and 50.
View Profile

MssLee
I'm a 29 year old woman looking to meet men between the ages of 30 and 40.
View Profile

codelyne
I'm a 25 year old woman looking to meet men between the ages of 27 and 35.
View Profile

Nonopie
I'm a 28 year old woman looking to meet men between the ages of 27 and 35.
View Profile

tmay
I'm a 36 year old woman looking to meet men between the ages of 37 and 42.
View Profile

hmz
I'm a 30 year old woman looking to meet men between the ages of 30 and 40.
View Profile

Fragileheart050
I'm a 37 year old woman looking to meet men between the ages of 37 and 45.
View Profile

livinglife22
I'm a 31 year old woman looking to meet men between the ages of 32 and 45.
View Profile

Gellyireneshuro
I'm a 26 year old woman looking to meet men between the ages of 30 and 45.
View Profile

1993
I'm a 20 year old woman looking to meet men between the ages of 20 and 38.
View Profile

mazet23
I'm a 27 year old woman looking to meet men between the ages of 26 and 37.
View Profile

Goldengirl665
I'm a 25 year old woman looking to meet men between the ages of 25 and 35.
View Profile

Coret
I'm a 37 year old woman looking to meet men between the ages of 18 and 100.
View Profile

lulubaby
I'm a 32 year old woman looking to meet men between the ages of 30 and 70.
View Profile

Doodlebug106
I'm a 23 year old woman looking to meet men between the ages of 20 and 35.
View Profile

spoonkie
I'm a 23 year old woman looking to meet men between the ages of 27 and 35.
View Profile

vicky4christ
I'm a 28 year old woman looking to meet men between the ages of 32 and 45.
View Profile

lonelylady1966gct
I'm a 47 year old woman looking to meet men between the ages of 50 and 60.
View Profile

Exoticlove444
I'm a 34 year old woman looking to meet men between the ages of 30 and 50.
View Profile

Eve001
I'm a 63 year old woman looking to meet men between the ages of 60 and 65.
View Profile

kaer
I'm a 21 year old woman looking to meet men between the ages of 23 and 28.
View Profile

Annie426
I'm a 23 year old woman looking to meet men between the ages of 22 and 32.
View Profile

Taya_38
I'm a 38 year old woman looking to meet men between the ages of 32 and 45.
View Profile

nhk
I'm a 51 year old woman looking to meet men between the ages of 45 and 54.
View Profile

Azanda
I'm a 30 year old woman looking to meet men between the ages of 30 and 45.
View Profile

Dea_
I'm a 47 year old woman looking to meet men between the ages of 45 and 52.
View Profile

Ans15
I'm a 44 year old woman looking to meet men between the ages of 35 and 50.
View Profile

BabaORiley
I'm a 27 year old woman looking to meet men between the ages of 28 and 32.
View Profile

Afrochic_885
I'm a 22 year old woman looking to meet men between the ages of 28 and 35.
View Profile

potentialdifference
I'm a 24 year old woman looking to meet men between the ages of 25 and 45.
View Profile

Lynelle
I'm a 41 year old woman looking to meet men between the ages of 40 and 45.
View Profile

NeLaairR
I'm a 19 year old woman looking to meet men between the ages of 19 and 23.
View Profile

mamagti
I'm a 31 year old woman looking to meet men between the ages of 30 and 45.
View Profile

Sweetlipsss627
I'm a 20 year old woman looking to meet men between the ages of 25 and 50.
View Profile

Pinksnowie
I'm a 23 year old woman looking to meet men between the ages of 25 and 45.
View Profile

nelloma
I'm a 30 year old woman looking to meet men between the ages of 30 and 36.
View Profile

confidence746
I'm a 44 year old woman looking to meet men between the ages of 40 and 55.
View Profile

Pennym
I'm a 28 year old woman looking to meet men between the ages of 25 and 45.
View Profile

Main
I'm a 52 year old woman looking to meet men between the ages of 45 and 70.
View Profile

Blaq_chic
I'm a 25 year old woman looking to meet men between the ages of 25 and 45.
View Profile

mtshali074
I'm a 22 year old woman looking to meet men between the ages of 25 and 58.
View Profile

sugarplumgal
I'm a 32 year old woman looking to meet men between the ages of 30 and 45.
View Profile

destinyrider
I'm a 39 year old woman looking to meet men between the ages of 34 and 48.
View Profile

honeydrops
I'm a 21 year old woman looking to meet men between the ages of 23 and 28.
View Profile

mako_001
I'm a 34 year old woman looking to meet men between the ages of 35 and 70.
View Profile

Miss_B_183
I'm a 26 year old woman looking to meet men between the ages of 30 and 40.
View Profile

Zuluwoman
I'm a 38 year old woman looking to meet men between the ages of 35 and 100.
View Profile

riscilla
I'm a 22 year old woman looking to meet men between the ages of 25 and 45.
View Profile

Tro55
I'm a 29 year old woman looking to meet men between the ages of 30 and 50.
View Profile

Sweetpea1977
I'm a 36 year old woman looking to meet men between the ages of 34 and 48.
View Profile

ChB_3110
I'm a 45 year old woman looking to meet men between the ages of 38 and 45.
View Profile

N0nat
I'm a 27 year old woman looking to meet men between the ages of 30 and 35.
View Profile

Soulmateseeker_931
I'm a 50 year old woman looking to meet men between the ages of 40 and 55.
View Profile

bridget396
I'm a 22 year old woman looking to meet men between the ages of 25 and 30.
View Profile

RambleOn
I'm a 36 year old woman looking to meet men between the ages of 38 and 48.
View Profile

Kelly_166
I'm a 22 year old woman looking to meet men between the ages of 27 and 34.
View Profile

LouBean
I'm a 37 year old woman looking to meet men between the ages of 33 and 49.
View Profile

Es79
I'm a 34 year old man looking to meet women between the ages of 18 and 30.
View Profile

proguyfound
I'm a 49 year old man looking to meet men between the ages of 18 and 57.
View Profile

Mpko
I'm a 47 year old man looking to meet women between the ages of 30 and 38.
View Profile

Mazing
I'm a 39 year old man looking to meet women between the ages of 27 and 45.
View Profile

KING1st
I'm a 35 year old man looking to meet women between the ages of 18 and 28.
View Profile

2282B
I'm a 47 year old man looking to meet women between the ages of 29 and 37.
View Profile

spurwing921
I'm a 43 year old man looking to meet women between the ages of 25 and 45.
View Profile

paris1988
I'm a 25 year old man looking to meet women between the ages of 18 and 29.
View Profile

mgiji
I'm a 42 year old man looking to meet women between the ages of 25 and 35.
View Profile

Kwenzo
I'm a 41 year old man looking to meet women between the ages of 35 and 50.
View Profile

cocoti13
I'm a 43 year old man looking to meet women between the ages of 36 and 65.
View Profile

adonikam
I'm a 66 year old man looking to meet women between the ages of 50 and 65.
View Profile

whynt
I'm a 28 year old man looking to meet women between the ages of 25 and 45.
View Profile

holatumza
I'm a 43 year old man looking to meet women between the ages of 18 and 100.
View Profile

Takeme
I'm a 43 year old man looking to meet women between the ages of 18 and 100.
View Profile

Aquadux
I'm a 59 year old man looking to meet women between the ages of 49 and 55.
View Profile

Castorjhb
I'm a 45 year old man looking to meet women between the ages of 35 and 46.
View Profile

arboh
I'm a 27 year old man looking to meet women between the ages of 18 and 30.
View Profile

Chibode
I'm a 37 year old man looking to meet women between the ages of 24 and 35.
View Profile

Thabo526
I'm a 32 year old man looking to meet women between the ages of 28 and 45.
View Profile

Arcane77
I'm a 46 year old man looking to meet women between the ages of 28 and 46.
View Profile

Procrastination_082
I'm a 42 year old man looking to meet women between the ages of 20 and 31.
View Profile

nihurt
I'm a 58 year old man looking to meet women between the ages of 45 and 60.
View Profile

IceTy
I'm a 41 year old man looking to meet women between the ages of 27 and 41.
View Profile

loverboyyenu
I'm a 40 year old man looking to meet women between the ages of 27 and 45.
View Profile

lihle001tt
I'm a 44 year old man looking to meet women between the ages of 25 and 45.
View Profile

adiedee
I'm a 49 year old man looking to meet women between the ages of 27 and 45.
View Profile

Gigson
I'm a 39 year old man looking to meet women between the ages of 23 and 36.
View Profile

Washe
I'm a 36 year old man looking to meet women between the ages of 25 and 33.
View Profile

makano
I'm a 33 year old man looking to meet women between the ages of 18 and 40.
View Profile

Net01
I'm a 37 year old man looking to meet women between the ages of 25 and 37.
View Profile

javas2298
I'm a 43 year old man looking to meet women between the ages of 25 and 45.
View Profile

charged
I'm a 39 year old man looking to meet women between the ages of 25 and 35.
View Profile

Fiba01
I'm a 28 year old man looking to meet men between the ages of 18 and 45.
View Profile

KeepTrying
I'm a 64 year old man looking to meet women between the ages of 34 and 55.
View Profile

obasol
I'm a 35 year old man looking to meet women between the ages of 25 and 45.
View Profile

Mananco10
I'm a 26 year old man looking to meet women between the ages of 18 and 45.
View Profile

Loxman
I'm a 43 year old man looking to meet women between the ages of 20 and 60.
View Profile

mxova_0506
I'm a 33 year old man looking to meet women between the ages of 20 and 35.
View Profile

Tshepon
I'm a 36 year old man looking to meet women between the ages of 25 and 32.
View Profile

Find your perfect match now!

Services

Whether you are a buyer or seller, wegotads is your online marketplace.
Wegotads »

Buying a car has never been easy. Motoring.co.za contains a large database of car listings with a user friendly search.
Start searching today »

Financial Tools

Business Directory

You are here: IOL / Business / International / HSBC to sell US unit

We like to make your life easier

RSS feeds
Subscribe to one of our feeds and receive instant news.

Mobile
Browse IOL on your phone at m.iol.co.za.

Newsletters
Subscribe to our newsletters. News delivered to your inbox!

Twitter
Join us now

Facebook
Join us now

© Copyright 1999 - 2012 Independent Online, a division of Independent Newspapers (Pty) Limited. The copyright in the literary and artistic works contained in this online news publication and its other related and connected websites, as well as in the published editions of group newspapers, their supplements and any other content or material, belongs exclusively to Independent Newspapers (Pty) Limited unless otherwise stated.
The reproduction of any content or material contained in this online news publication and its other related websites as well as the published editions of group newspapers and their supplements is expressly reserved to the publisher, Independent Newspapers (Pty) Limited, under Section 12(7) of the Copyright Act of 1978. Reliance on the information contained in the online news publications and other related content published on this website is done at your own risk and subject to our “terms and conditions”. Independent Newspapers (Pty) Limited has committed itself to The Press Code of Professional Practice which prescribes that news must be reported in a truthful, accurate, fair and balanced manner. If we don't live up to the Press Code please contact The Press Ombudsman 2nd Floor, 7 St David’s Park, St David’s Place, Parktown, 2193 or PO Box 47221, Parklands 2121 or email pressombudsman@ombudsman.org.za (www.ombudsman.org.za) or telephone 011 484 3612/8.

I am a:
Looking for:

From			To