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Europe’s largest bank HSBC has had a strong few quarters as rising interest rates have boosted its income—and that of its shareholders, who stand to benefit from hefty share buybacks—but ...
Operating under the HFC and Beneficial names, HSBC Finance Corporation is the second largest consumer finance company in the United States, with more than 900 branches in 46 states. It provides a variety of real estate secured and unsecured loans to primarily sub-prime customers, as well as increasing numbers of other product lines such as auto ...
Beneficial Corporation was one of the largest consumer finance companies in the United States, prior to its acquisition by Household International, Inc. in 1998. Beneficial began as the Beneficial Loan Society in 1914 in Elizabeth, New Jersey, founded by “Colonel” Clarence Hodson (1868-1928). Norwegian immigrant Olaus Westby Caspersen (1896 ...
HONG KONG/LONDON (Reuters) -HSBC merged some operations and split its geographic footprint into East and West in a sweeping restructuring under new CEO Georges Elhedery that also included the ...
HSBC stock hit a 20-year high in London on Tuesday, up 40% over the past 12 months and 14% this year. Shares dipped 0.8% to £8.91 on Wednesday, valuing the bank at about £160 billion ($201 billion.)
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Beneficial Corporation, a consumer finance company founded in 1914 that was ultimately bought by HSBC Corporation Beneficial Loan Society, the former name of Beneficial Corporation Beneficial Finance, a former division of HSBC Finance , and a part of their acquisition of Beneficial Corporation
HSBC shares were little changed in London following its results, while its stock listed in Hong Kong closed down 1.5%. For more CNN news and newsletters create an account at CNN.com Show comments