BNET Industries
HSBC Finance Corp. (HFC PRB) is in the Financial Services Industry
- Revenue
- Dec 31 2007
- $25.0B
- Profit
- Dec 31 2007
- ($4.9B)
- Market Cap
- Jul 02 2008
- $1.0K
Latest News and Analysis
Court of Appeals Denies Request for En Banc Hearing
COLUMBIA, S.C. -- Affinity Technology Group, Inc. (OTCBB: AFFI) today announced that the United States Court of Appeals for the Federal Circuit (the "Appeals Court") has denied its request for a rehearing or a rehearing en banc in the cases of its subsidiary, decisioning.com versus Federated Department Stores, TD Ameritrade...
A.M. Best Affirms Ratings of HSBC Finance Corporation's North American Members; Revises Outlook to Negative
OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating of A+ Superior and issuer credit ratings ICR of "aa-" of the three insurance companies collectively known as HSBC Insurance representing the primary North American operating entities of HSBC Finance Corporation, which is a strategic member of HSBC...
Fitch Assigns HSBC Finance Corporation a Credit Card Seller/Servicer Rating
NEW YORK -- Fitch Ratings has assigned the following rating to HSBC Finance Corporation: --ABS Credit Card Seller/Servicer 'Proficient Plus' The rating is based on the company's experienced management team, effective use of technology and the financial strength of its parent, HSBC plc. The company has...
Fitch Affirms & Withdraws HSBC Finance Corp.'s ABS Seller/Servicer Rtgs
NEW YORK -- Fitch Ratings has affirmed and withdrawn HSBC Finance Corp.'s HFC Credit Card Seller/Servicer rating for both its Card Services and Retail Services seller/servicer platforms as follows: --HSBC Finance Corp retail services 'Proficient Plus'; --HSBC Finance Corp card services 'Proficient Plus' The...
HSBC Finance Launches Its First "Green" Credit Card
New Card Supports Company's Commitment to the Environment METTAWA, Ill. -- HSBC Finance Corporation's card and retail services business has introduced a credit card that gives consumers the opportunity to use earned rewards to make a contribution to a variety of environmental causes. The HSBC ecosmartsm MasterCard with...
Affinity Technology Group, Inc.: Court of Appeals Publishes Opinion in Patent Cases
COLUMBIA, S.C. -- Affinity Technology Group, Inc. (OTCBB: AFFI) today announced that the United States Court of Appeals for the Federal Circuit (the "Appeals Court") has published its opinion in the cases of its subsidiary, decisioning.com versus Federated Department Stores, TD Ameritrade and HSBC Finance Corporation. The principal issues decided...
Fitch Affirms $1.5B & Downgrades $422.2MM from 7 HSBC 2005 Subprime Deals
NEW YORK -- Fitch Ratings has taken the following rating actions on seven HSBC Home Equity mortgage pass-through certificates. Unless stated otherwise, any bonds that were previously placed on Rating Watch Negative are now removed. Affirmations total $1.5 billion and downgrades total $422.2 million. Additionally, $215.6 million was placed on...
HSBC shareholder goes on the warpath
Rebel HSBC shareholder Knight Vinke has this weekend reignited the row over the bank's disastrous foray into US sub-prime lending though its acquisition of Household International - now HSBC Finance HFC. In a letter to Simon Robertson, HSBC's senior independent director, Knight Vinke chief Eric Knight blames...
HSBC tipped by analysts to post 12.4 percent profit rise in 2007
HONG KONG AFP — HSBC has been tipped by analysts to report on Monday a 12.4 percent profit increase for 2007 as a strong performance in Asia helped offset rising US bad debts and asset write-downs from the credit crunch. The global banking giant is expected to post...
HSBC Finance Corporation Declares Dividends for Holders of Series B Preferred Stock
PROSPECT HEIGHTS, Ill. -- HSBC Finance Corporation announced today that its board of directors declared the regular quarterly cash dividend on the company's Series B preferred stock of $0.3975 per depositary share payable March 17, 2008, to shareholders of record on February 28, 2008. About HSBC Finance Corporation...
Fitch Rates Latam Trust, Series 2007-108
NEW YORK -- Fitch Ratings has assigned the following rating to the certificates issued by Latam Trust, Series 2007-108: --CLP5,081,500,000 Chilean Peso CLP UF-Adjusted Certificates Due 2032 Credit-linked to Morgan Stanley 'A-'. The effective date of this rating was Dec. 17, 2007. Fitch is now publicly...
Robert Herdman elected to Cummins Board of Directors
COLUMBUS, Ind. -- Sixth graph, first sentence should read: Herdman also is a member of the Board of HSBC Finance Corp. and HSBC North America Holdings, where he chairs the Audit committee (sted Herdman also is a member of the Board of HBSC Finance Corp. and HBSC North American Holdings,...
Fitch Affirms 3 Classes of HSBC Automotive Trust 2007-1
NEW YORK -- Fitch Ratings has affirmed the three outstanding classes of HSBC Automotive Trust USA 2007-1 as follows: --Class A-2 notes affirmed at 'AAA'; --Class A-3 notes affirmed at 'AAA'; --Class A-4 notes affirmed at 'AAA'. The collateral continues to perform...
Fitch Affirms HSBC Finance's 'RPS2-' RMBS Servicer Rating
NEW YORK -- Fitch Ratings has affirmed HSBC Finance Corporation's HSBC Finance servicer rating as follows: --Residential primary servicer rating for subprime product at 'RPS2-'. The primary servicer rating reflects the experienced management team, capable loan administration policies, effective default management procedures, and competent use of...
HSBC Finance Corporation Declares Dividends for Holders of Series B Preferred Stock
PROSPECT HEIGHTS, Ill. -- HSBC Finance Corporation announced today that its board of directors declared the regular quarterly cash dividend on the company's Series B preferred stock of $0.3975 per depositary share payable December 15, 2007, to shareholders of record on November 30, 2007. About HSBC Finance Corporation...
Fitch Rates HSBC Home Equity Loan Trust 2007-3
NEW YORK -- Fitch rates HSBC Home Equity Loan Trust USA 2007-3, which closed today as follows: --$668,200,000 class A-PT, A-1, A-2, A-3, and A-4 senior certificates 'AAA'; --$50,300,000 class M-1 certificates 'AA+'; --$20,200,000 class M-2 certificates 'AA'. The 'AAA' rating on...
HSBC and Pathmark to Launch Industry-Leading Supermarket Loyalty Rewards Payment Card Program
PROSPECT HEIGHTS, Ill. -- HSBC Finance Corporation's card and retail services business and Pathmark Stores, Inc. have entered into an agreement to offer a multi-purpose rewards and payment card for supermarket customers. The new Pathmark Advantage Payment Card enhances the current Pathmark Advantage Club card by providing an easy and...
HSBC to close US subprime mortgage unit
NEW YORK AFP — HSBC Holdings, the British-based banking giant, announced Friday it will close its subprime mortgage subsidiary in the United States, saying it was "no longer sustainable." HSBC said it will take a goodwill charge of around 880 million dollars to close Decision One Mortgage, a...
HSBC Finance Exits Non-Prime Wholesale Mortgage Business
Decision One channel to close PROSPECT HEIGHTS, Ill. -- As part of the continued review of its mortgage lending business, HSBC Finance Corporation ("HSBC Finance") said today that it will close its non-core wholesale lending channel, Decision One Mortgage, which originates non-prime mortgages through brokers. HSBC Finance will...
HSBC Finance Corporation Declares Dividends for Holders of Series B Preferred Stock
PROSPECT HEIGHTS, Ill. -- HSBC Finance Corporation announced today that its board of directors declared the regular quarterly cash dividend on the company's Series B preferred stock of $0.3975 per depositary share payable September 15, 2007, to shareholders of record on August 31, 2007. About HSBC Finance Corporation...
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- CEO: Mr. William F. Aldinger
HSBC Finance is the principal fund raising company for its subsidiaries. Co.'s subsidiaries primarily provide middle-market consumers with several types of loan products. As of Dec 31 2006, Co. had three reportable segments: Consumer, Credit Card Services and International. Co.'s Consumer segment includes consumer lending, mortgage services, retail services, and auto finance businesses. Co.'s Credit Card Services segment includes domestic MasterCard, Visa, and Discover credit card business. Co.'s International segment includes foreign operations in the United Kingdom, Canada, the Republic of Ireland, the Czech Republic, and Hungary.
Key Competitors
HSBC Finance Corp. Company Info
Board of Directors
Mr. William F. Aldinger
Chairman, Chief Executive Officer
Mr. George A. Lorch
Ms. Larree M. Renda
Mr. Robert J. Darnall
Ms. Anthea Disney
Mr. John A. Edwardson
Mr. James H. Gilliam Jr.
Mr. Louis E. Levy
Mr. John D. Nichols
Mr. James B. Pitblado
Mr. David A. Schoenholz
President, Chief Operating Officer
Mr. Siddharth N. Mehta
Chairman, Chief Executive Officer
Mr. S. Jay Stewart
Ms. Sandra L. Derickson
Vice-Chairman, Subsidiary Officer
Mr. William R. P.Dalton
Mr. Gary G. Dillon
Mr. J. Dudley Fishburn
Mr. Cyrus F. Freidheim Jr.
Mr. Robert K. Herdman
Mr. Alan W. Jebson
Contact Information
2700 Sanders Road
Prospect Heights, IL
847 564-5000
NAICS Code
Consumer Lending: 522291Brought to you by IBMSponsored Resources
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