Hsbc to Sell Us Card Arm

The HeraldAugust 10, 2011

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Summary


HSBC Holdings is nearing a deal to sell its $30 billion-plus US credit card business to Capital One Financial, sources familiar with the situation said yesterday.

HSBC confirmed talks to sell the business but did not name the buyer. A deal could be announced soon, the sources said.

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Hsbc to Sell Us Card Arm

Such a deal would mark...

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