HSBC Sells to Capital One for 2.6 Billion Dollars

Discussion in 'Off-Topic' started by Scrubbin_Bubbles, Aug 11, 2011.

  1. Scrubbin_Bubbles

    Scrubbin_Bubbles My E-Penis Is HUGE

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  2. jake

    jake Vagabond

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    33 billion?
  3. j0k3r

    j0k3r El Chupacabra

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    I think it was closer to $2.6B.
  4. Torx

    Torx Indigenous Nudist

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    UT OH.

    time to pay off this best buy card.
  5. Scrubbin_Bubbles

    Scrubbin_Bubbles My E-Penis Is HUGE

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    This is correct. The article had it listed as 33 Billion
  6. Octane91

    Octane91 <smartass comment> Staff Member

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    Meh, I have not credit cards so it is of no concern. However, what is of concern is why a global bank the size of HSBC would want to sell off its American debt credit card holdings...
  7. mistawiskas

    mistawiskas kik n a and takin names

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    Banking as well as investments are in the shitter. That money everyone lets the bank hold onto, is invested to make the bank some coin. Investments are getting riskier and the last rounds of home foreclosures (the upper tiers) aren't even starting yet. Take a look at wallstreet news lately. Foreign banks and investors are pretty nervous with Europe as well as USA. No jobs means downward spiral. This is only going to get worse when the dollar dives.