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HSBC's US card loans hit new post-Capital One deal high

Feb 28, 2019 - SNL European Financials Daily

HSBC North America Holdings Inc.'s presence in the U.S. credit card market remains a fraction of what it once was, but its recently renewed focus on the business appears to be paying off in the form of accelerating loan growth.

Regulatory data collected by S&P Global Market Intelligence shows that HSBC Holdings PLC's U.S. bank holding company ended 2018 with nearly $1.02 billion in credit card loans on a consolidated basis, up 41.4% from the same date in 2017. The book has grown year over ...