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HSBC CEO sees more U.S. loan portfolio sales in H2
August 5, 2013 / 9:20 AM / 4 years ago

HSBC CEO sees more U.S. loan portfolio sales in H2

LONDON, Aug 5 (Reuters) - HSBC expects to sell more portfolios of U.S. loans to accelerate the run-off of its consumer loan book there, its chief executive said on Monday.

“There are a couple of transactions we are working on,” CEO Stuart Gulliver told reporters on a conference call.

The bank sold two portfolios of U.S. consumer loans for $3.2 billion in March, and said the U.S. loan book was $36 billion at the end of June, down $10 billion from a year ago.

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