HSBC to end US consumer lending, cut 6,100 jobs (AP)

[riky]

HSBC to end US consumer lending, cut 6,100 jobs
    (AP)

 


<p>You are not allowed to view links. Register or LoginAP - HSBC PLC, Europe's biggest bank, said Monday it will no longer write new consumer loans in the United States and will shut down its U.S. lending unit over the next five years due to the subprime mortgage market's collapse. The decision will cost 6,100 U.S. jobs.</p><br clear="all"/>


You are not allowed to view links. Register or Login/news.yahoo.com/s/ap/20090302/ap_on_bi_ge/earns_hsbc