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Special Report on

Consumer lending business

consumer lending business special research report Photo by cache.boston.com
(Reuters) - HSBC launched Britain's biggest rights issue, raising 12.85 billion pounds ($18.1 billion) on Monday to help it overcome big losses in the United States and exploit the woes of weaker rivals. Europe's biggest bank said it would shut most of its U.S. consumer lending business, cutting 6,100 jobs, but that it was ready for acquisitions in its traditional stronghold of Asia where many banks are pulling out to focus on core markets. HSBC is selling 5.1 billion shares at 254 pence each, a 48 percent discount to Friday's close, in a fully-underwritten 5-for-12 rights issue. Its shares closed down 19 percent ...
HSBC Finance Corporation was formed from the legal entity that had been known as Household International, and is now expanding its consumer finance model via the HSBC Group to Brazil , India , Argentina and elsewhere. HSBC Finance Corporation’s subsidiaries primarily provide middle-market consumers real estate secured loans, auto finance loans, MasterCard and Visa credit card loans, private label credit cards, personal non-credit card loans and specialty insurance products. In 2009, HSBC Finance Corporation announced the discontinuation of loan originations of all products by its Consumer Lending business, but continue to ...
REVIEWS AND OPINIONS
John Lothian Newsletter: June 25, 2010: Biggest Wall Street Revamp ...
This interview was first published in yesterday's inaugural Interest Rates edition of the John Lothian Newsletter. An excerpt is reprinted here. If you'd like to receive this newsletter, sign up at  http://jlne.ws/cUXqkR .  Thomas Day, managing director, risk and policy financial services at SunGard Ambit has more than 20 years of banking and risk management experience. He shared some thoughts this week on his work at the U.S. Department of Treasury and Federal Reserve Bank, in addition to other steps along his career path. Q:  Could you describe your current work for Sungard? A:  I have the ... market research, surveys and trends
Barclaycard: Giving Customers Even More Opportunities to Save
Barclaycard is currently offering customers a 6.9 per cent rate on new balance transfers until the amount is paid off in full. Consumers are always looking for ways to get the most out of their credit cards, but still move ahead with their payments. However, it's not always so simple, especially with rising credit card rates around every corner. Moreover, many credit card companies offer interest free or low introductory rates to attract consumers, only to raise the rates after several months - ultimately overturning any consumer savings. But keep in mind that not all credit card companies are alike: Barclaycard ... market research, surveys and trends

SURVEY RESULTS FOR
CONSUMER LENDING BUSINESS

JPMorgan Chase Earns $11.7 Billion in Year - NYTimes.com
kicked off what is expected to be a robust — and controversial — reporting season for the nation’s banks on Friday with news that its profit and pay for 2009 soared. Skip to next paragraph Jamie Dimon, chief executive of JPMorgan Chase, said the bank “fell short” of its earnings potential. Jamie Dimon, head of JPMorgan, opposed the proposed tax on the largest financial companies, the only chief to do so publicly. In a remarkable rebound from the depths of the financial crisis , JPMorgan earned $11.7 billion last year, more than double its profit in 2008, and generated record revenue. The bank earned ... industry trends, business articles and survey research
HSBC in £12.85 billion rights issue | Reuters
(Reuters) - HSBC launched Britain's biggest rights issue, raising 12.85 billion pounds on Monday to help it overcome big losses in the United States and exploit the woes of weaker rivals. Europe's biggest bank said it would shut most of its U.S. consumer lending business, cutting 6,100 jobs, but that it was ready for acquisitions in its traditional stronghold of Asia where many banks are pulling out to focus on core markets. HSBC is selling 5.1 billion shares at 254 pence each, a 48 percent discount to Friday's close, in a fully-underwritten 5-for-12 rights issue. Its shares closed down 19 percent at a 10-year ... industry trends, business articles and survey research
RELATED NEWS
Santander to Buy $3.2 Bln in Auto Loans From Citi
June 24 (Bloomberg) -- Banco Santander SA, Spain’s biggest bank, agreed to purchase about $3.2 billion in auto loans from Citigroup Inc., expanding its U.S. consumer-lending business. Santander Consumer USA, a Santander unit, will buy the loans from Citigroup’s CitiFinancial Auto, Santander and Citigroup said today in a statement. Santander and Citigroup also have entered into an agreement under which Santander will service a portfolio of about $7.2 billion of auto loans to be retained by Citigroup. Santander, based in the Spanish city of the same name, is targeting growth in the U.S., which will contribute 5 percent ... market trends, news research and surveys resources
Shinsei sees revenue shrinking in next 3 years
said on Wednesday it expects its revenue to shrink over the next three years as its consumer lending business is hit by tighter regulation, and it will shed or scale down risky investments in real estate and asset-backed securities. The bank, about one-third owned by U.S. buyout firm JC Flowers and 24 percent owned by the government, is trying to rebound from massive losses suffered the past two years which it blames largely on its investment banking operations. But Shinsei's new president, Shigeki Toma, faces an uphill battle to turn around the bank as even its bigger rivals, such as Mitsubishi UFJ Financial Group ( 8306.T market trends, news research and surveys resources

INFORMATION RESOURCES

Infosys - Consumer lending | Flat World
information asymmetries in consumer lending business. .... Infosys: Why do you think this model is “the future” of consumer lending business? ... technology research, surveys study and trend statistics
Consumer Loan Companies
Consumer loan companies doing business in Washington State must be licensed with DFI's Division of Consumer Services. Reduced Call Center Hours - Effective 06/11/2010 Due to a dramatic increase in license applications and our limited resources we have reduced the Call Center hours from 11:00 AM to 5:00 PM (Pacific Standard Time). This will allow us more time to process your licenses. All Mortgage Loan Originators (MLOs) working for a Mortgage Broker or Consumer Loan licensee must hold an active MLO license or have direct email communication from DFI authorizing continued work until July 31st if conditions of that email are ... technology research, surveys study and trend statistics
Payday Lending: A Business Model that Encourages Chronic Borrowing
lending business in North Carolina. The North Carolina Commissioner of Banks ...... “because many of the costs of consumer lending do not vary by loan size, ...
REAL TIME
CONSUMER LENDING BUSINESS
  1. profile image prathamavatar American credit scores sinking all the time: A new report from Fox Business said that new changes in lending laws ... http://bit.ly/d1dyZ2
  2. profile image ezyhelper Banks shed subprime business: Consumer advocates remain concerned about what types of lending c... http://bit.ly/boDC6f http://bit.ly/ginia
  3. profile image mycreditfix Mortgage Credit Managing a Consumer Lending Business Reviews - http://tinyurl.com/28dbqma
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QUESTIONS AND ANSWERS
What are the best books to learn about mortgage banking?
Well, mortgage banking industry is wide; it is composed of various components and players. The lender, the borrower, the intermediary, mortgage insurance provider, the sellers of mortgages (which on its own can include many players), and the ultimate investors in the fixed income received from mortgages. There are many books on all these various components, and it is easy to get lost looking for the good ones. If you are starting a career in the loan industry, I am guessing that you might want to learn about all of these counterparts, but probably emphasize the lending side. On the lending side, you could either be selling the ...
what was the idea behind Citigroup's splitting up into two ...
Among the businesses being moved into the “non-core category of Citi Holdings are the CitiFinancial consumer-lending business and Primerica Financial Services life-insurance unit. The company’s core businesses, to be grouped under Citicorp, will include branch banking, corporate lending, transaction processing and securities underwriting and handling trades for clients. This doesn't change the Citi's business model in short term. It moves the peripheral business into a separate place. But it allows Citi to value the good business better in the market and hence to raise cash for it. Also in the long run, ...