HSBC to sell loan portfolios

Banking giant HSBC on Tuesday unveiled plans for its indirect wholly-owned subsidiary HSBC Finance Corp (HFC) to sell its Personal Unsecured Loan and Personal Homeowner Loan portfolios.

Banking giant HSBC on Tuesday unveiled plans for its indirect wholly-owned subsidiary HSBC Finance Corp (HFC) to sell its Personal Unsecured Loan and Personal Homeowner Loan portfolios.

The portfolios will be sold to SpringCastle Acquisition, a Delaware-based company owned by Springleaf Finance and Newcastle Investment Corp. in the second quarter of 2013.

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