HSBC Finance
Subsidiary of HSBC Holdings / From Wikipedia, the free encyclopedia
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HSBC Finance Corporation is a financial services company and a subsidiary of HSBC Holdings. It is the sixth-largest issuer of MasterCard and Visa credit cards in the United States. HSBC Finance Corporation was formed from the legal entity that had been known as Household International—shortly after Household International settled for US$486 million in charges pertaining to predatory lending, after burning through $389 million in legal fees and expenses[1]—and is now expanding its consumer finance model via the HSBC Group to Brazil, India, Argentina and elsewhere.[citation needed]
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Company type | Subsidiary |
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Industry | Finance and insurance |
Founded | 1878; 146 years ago (1878) |
Headquarters | Mettawa, Illinois, United States |
Key people | Niall Booker (Chairman) Parick Burke(CEO) |
Products | Financial services |
Number of employees | 58,000 (including HSBC Bank USA, HSBC Bank Canada and CIBM) |
Parent | HSBC |
Website | www.hsbc.com |
HSBC Finance Corporation's subsidiaries primarily provide real estate secured loans, auto finance loans, MasterCard and Visa credit card loans, private label credit cards, personal non-credit card loans and specialty insurance products to middle-market consumers.