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]]> Comment on HSBC sells US card unit to Capital One for $2.6 bln premium by MoneySin.com http://www.cjournalist.com/2011/08/10/hsbc-sells-us-card-unit-to-capital-one-for-2-6-bln-premium/#comment-25 MoneySin.com Wed, 10 Aug 2011 09:00:28 +0000 http://www.cjournalist.com/2011/08/10/hsbc-sells-us-card-unit-to-capital-one-for-2-6-bln-premium/#comment-25 <strong>HSBC sells US card business to Capital One...</strong> Capital One is paying an 8.75% premium on receivables from the $30.4 billion of credit card loans. HSBC will book a post-tax gain of $2.4 billion.The buyer will take on HSBC's monoline US credit card and private label business, the products of which a... HSBC sells US card business to Capital One…

Capital One is paying an 8.75% premium on receivables from the $30.4 billion of credit card loans. HSBC will book a post-tax gain of $2.4 billion.The buyer will take on HSBC’s monoline US credit card and private label business, the products of which a…

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