US Operations

Beneficial and HFC

Operating under the HFC and Beneficial names, HSBC Finance Corporation is the second largest consumer finance company in the United States, with more than 1,300 branches in 46 states. It provides a variety of real estate secured and unsecured loans to primarily non-prime customers, as well as increasing numbers of other product lines such as auto loans and service plan policies.

Decision One

Decision One mortgage company directly originated real estate secured loans sourced through mortgage brokers. This subsidiary was shut down September 2007 due to the sub-prime mortgage scandal. Approximately 1,500 employees were affected.

HSBC Bank Nevada NA

HSBC Bank Nevada issues a range of HSBC-branded credit cards, to both credit card only customers and customers of HSBC Bank USA.

Private label cards

HSBC is the third-largest issuer of private label credit cards in the United States, including cards for more than 70 active merchant relationships, including Best Buy, Costco, Gottschalks, Neiman Marcus, Jordan's Furniture and Saks Fifth Avenue.