HSBC ends dismal decade in the US
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HSBC ends dismal decade in the US

HSBC 3

HSBC’s troubled US business has turned a corner, with the bank now allowed to pay its first dividend from the American subsidiary to the parent since 2007. That draws a line under a decade of woe, which saw the bank brutally burned by its purchase of Household Mortgages, and spin-offs including the sale of its credit card business and many of its upstate NY branches.

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