May 24, 2010 / 9:24 AM / 8 years ago

HSBC says Household Finance liabilities at $70 bln

HONG KONG, May 24 (Reuters) - HSBC HOLDINGS (HSBA.L) (0005.HK), Europe’s biggest bank, is working off $20 billion worth of loans per year in its U.S. Household Finance Corp. unit, said the bank’s CEO on Monday.

    Household Finance Corp’s liabilities stood at about $70 billion, HSBC Chief Executive Michael Geoghegan said in Hong Kong on Monday, ahead of the bank’s annual shareholders’ meeting on May 28.

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below