HSBC Finance Corporation

Financial Institutions:Non-Bank Financials

Summary

Mettawa, Illinois-based HSBC Finance Corporation (and subsidiaries) is an indirect wholly owned subsidiary of HSBC North America Holdings Inc. HSBC Holdings plc is the ultimate parent. In August 2011, the Company agreed to sell its Card and Retail Services business to Capital One. The Company’s legacy mortgage and personal loan portfolios are in liquidation.