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HSBC Finance Corporation · Prospect Heights, IL United States

Company Description

2700 Sanders Rd.
Prospect Heights, IL
60070
United States (Map)
Phone: 847-564-5000
Fax: 847-205-7401
Rankings
  • #127 in FORTUNE 500
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Part of gigantic British bank HSBC Holdings, HSBC Finance issues credit cards to middle-class consumers in the US, with a focus on those with less-than-stellar credit. Offering Visa, MasterCard, American Express, and Discover cards, as well as private-label cards for retailers such as Best Buy, Costco, and Saks; it has some 20 million cards in circulation. However, after the company experienced a rash of delinquencies and defaults on subprime loans that it acquired in the secondary market, as well as on those it originated itself, HSBC Finance stopped offering home mortgages and refinancing loans, automobile loans, and personal loans in 2009. To read the full description, subscribe now.

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Key HSBC Finance Corporation Financials

Company TypeSubsidiary

Headquarters
Fiscal Year-EndDecember
Annual Sales (mil.)$14,989.0
Employees27,980

HSBC Finance Corporation Executives

41 executives listed for HSBC Finance Corporation's Prospect Heights, IL location.
TitleName & BioContact
ChairmanDouglas FlintNetwork
CEO and DirectorNiall BookerNetwork
CFOEdgar AnconaNetwork

Competition

Competitive Landscape for HSBC Finance Corporation
Demand is driven by consumer income and demographics. The profitability of individual companies depends on the correct assessment of repayment likelihood and effective collections activities. Large companies have an advantage in the ability to manage large portfolios of mortgage, auto, and credit card loans through sophisticated computer risk modeling. Small companies can compete effectively in the cash lending or sales finance segments, where a local or neighborhood presence is highly effective. The industry is capital-intensive; annual revenue per worker is about $430,000. To read the full description, subscribe now.
Top HSBC Finance Corporation Competitors
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