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Capital One buys HSBC credit and retail
Updated: Wednesday, 10 Aug 2011, 6:30 PM EDT
Published : Wednesday, 10 Aug 2011, 11:51 AM EDT
BUFFALO, N.Y. (WIVB) - Capital One is buying HSBC Bank’s US Credit Card and Retail Services Division.
The value of the HSBC credit and retail business is over $32 billion.
The sale does not include HSBC Bank USA's US $1.1 billion credit card program. HSBC Bank USA will continue to offer credit cards to its customers.
Last week, HSBC sold its upstate New York branch network to Buffalo-based First Niagara .
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