HSBC Financial to close consumer finance business in Canada
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HSBC Financial to close consumer finance business in Canada

Toronto : Canada | Mar 21, 2012 at 12:55 PM PDT
Source: The Globe & Mail
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Financial is winding down its consumer finance business in Canada in a move that will put 500 people out of work across the country...More related to this story Video Video The business will continue to service and collect its existing loans and to provide customers with call centre support, but it will... FULL ARTICLE AT The Globe & Mail
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Bank of Canada Governor Mark Carney (L) and Canada's Minister of Finance, Jim Flaherty
Bank of Canada Governor Mark Carney (L) and Canada's Minister of Finance, Jim Flaherty
 
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    Financial says it can't find a suitable buyer for its consumer finance business and will close 75 offices across Canada, putting 500 people out of work. Bank Canada, said the department would stop taking new loan applications, but would continue to...
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    Bank will wind down its consumer finance business and lay off about 500 employees after failing to find a buyer for the unit. September agreed to sell its Canadian retail brokerage to National Bank of Canada for C$206 million ($207.4 million), had...

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