Thursday, March 9, 2017

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

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.

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