HSBC sells U.S. card unit to Capital One for $2.6 billion

HONG KONG (Reuters) - HSBC is selling its $30 billion (18 billion pounds) U.S. credit card arm to Capital One Financial Corp for a premium of $2.6 billion, as Europe's top bank streamlines its mammoth operations by getting rid of unwanted businesses.

Source: http://uk.reuters.com/article/2011/08/10/uk-hsbc-capitalone-idUKTRE7790TW20110810?feedType=RSS&feedName=domesticNews

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