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HSBC Finance - SWOT, Strategy and Corporate Finance Report

HSBC Finance Corporation (HSBC Finance) is a subsidiary of HSBC North America Holdings, a bank holding company of HSBC in America and Canada. Together with its subsidiaries, the company offers real estate secured loans, credit card loans, private label credit card loans including retail sales contracts and personal non-credit card loans to the middle-market consumers in the US, the UK, Canada, the Republic of Ireland, Slovakia, the Czech Republic and Hungary. The company is headquartered at Mettawa, Illinois and employs about 6,650 people. The company recorded revenues of $6,752 million during the financial year (FY) ended December 2010, an increase of 17% over FY2009. The operating loss of the company was $2,906 million in FY2010, compared to operating loss of $10,098 million in FY2009. The net loss was $1,916 million in FY2010, compared to a net loss of $7,450 million in FY2010".

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