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HSBC Finance, Santander Consumer In Agreement On HSBC'S Us Auto Business

By TechAgreements

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METTAWA, Ill. -- HSBC Finance Corporation has announced its auto finance entities have reached an agreement with Santander Consumer USA Inc. (SC USA) to sell HSBC US auto loan servicing operations as well as US $1 billion in auto loan receivables for US $904 million in cash, and enter into a loan servicing agreement for the remainder of its US auto loan portfolio, which is in liquidation. The...

Full post as published by TechAgreements on November 10, 2009 (boomark / email).

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