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HSBC Finance

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HSBC continues cutting U.S. mortgage business with $4.9B loan sale to Credit Suisse HW+

Mar 09, 2017By

HSBC’s reduction of its U.S. mortgage business, which began way back in 2008, took another big step forward recently, as the company announced recently that its subsidiaries, HSBC Finance Corporation and HSBC Bank, sold $4.9 billion in mortgages to a subsidiary of Credit Suisse.

3d rendering of a row of luxury townhouses along a street

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