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Industry Center - Credit Services
Industry Center > Credit Services > HSBC Finance Corporation Company Profile
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HSBC Finance Corporation Company Profile
HSBC Finance issues credit cards to middle-class consumers in the US, with a focus on those with less-than-ideal credit. The company offers Visa, MasterCard, American Express, and Discover cards, as well as private-label cards for electronics, furniture, and department stores and other retailers; it has some 15 million cards in circulation under the HSBC, Orchard Bank, and private brands. The company also has agreements with General Motors and the AFL-CIO. It offered credit and other specialty insurance coverage in the US and Canada. HSBC Finance is a subsidiary of HSBC North America; both are part of big British bank HSBC Holdings, which is selling its US credit card portfolio to Capital One.
Headlines for HSBC Finance Corporation
HSBC Finance Corp UK Regulatory Announcement: FRN Variable Rate Fix
- Mon Jun 10
Raymond Saxe, Former HSBC Risk Technology Executive, Dies at 50
- Mon 4:20 pm ET
HSBC Bank PLC UK Regulatory Announcement: FRN Variable Rate Fix
- Fri Jun 14
HSBC Asia Prime-Finance Team Seeks to Double Hedge-Fund Assets
- Wed May 29
Britain's FTSE rises as traders buy beaten-down banks
- Tue 11:54 am ET
Spendthrift elite signals equity slide, behavioural experts warn
- Tue 5:07 am ET
Spendthrift elite signals equity slide, behavioral experts warn
- Tue 4:43 am ET
HSBC sells first yuan bonds in Singapore, Stan Chart to follow
- Mon May 27
HSBC, StanChart sell first yuan bonds in Singapore
- Mon May 27
UK's Co-op bolsters management in fight to revive bank
- Wed Jun 5
Contact Information
Address: 26525 N. Riverwoods Blvd.
Mettawa, IL 60045
Phone:224-544-2000
Fax:
Financial Highlights
Fiscal Year End:December
Revenue (2011):8981.00 M
Revenue Growth (1 yr):(-8.10%)
Employees (2011):5,350
Employee Growth (1 yr):(-19.50%)
Key People
CEO: Patrick J. (Pat) Burke
SEVP and CFO: Edgar D. Ancona
SEVP and Chief Technology and Services Officer: Andrew C. Armishaw
Industry Information
Sector: Financial
Industry: Credit Services
Top Competitors
Bank of America Corporation (bac)
Capital One Financial Corporation (cof)
JPMorgan Chase & Co. (jpm)
 


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