Archive for the ‘HBC’ Category

HSBC to Pullout of US Lending; Trading Suspended in Hong Kong

Sunday, March 1, 2009 21:08 5 Comments

HSBC requested that trading of its shares be suspended in Hong Kong ahead of an “announcement of a corporate action.” The company is expected to announce the divestment of its US consumer lending business. Shares are expected to begin trading again on Tuesday.
In 2003, HSBC purchased the US consumer lending firm Household International Inc. [...]

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