HSBC Upbeat on U.S. Consumer Finance Prospects

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00025912-hsbc-upbeat-on-us-consumer-finance-prospe/

By Steve Slater and Carmel Crimmins, Reuters

Global bank HSBC said on Thursday U.S. credit conditions remain benign despite the impact of high oil prices, and predicted medium-term annual growth of around 10 percent for its U.S. consumer finance unit.

HSBC, which ranks as the world’s second biggest bank by market value, said consumer finance growth would be significantly higher outside the United States, led by Asia, South America and central Europe.

For this complete story, please visit HSBC Upbeat on U.S. Consumer Finance Prospects.

HSBC Upbeat on U.S. Consumer Finance Prospects

Unknown Author

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