HSBC In North America (USA & Canada)

This document provides an overview and summary of HSBC's North American operations from 2008. It discusses: 1) HSBC's positioning in the US and Canada as a top 10 bank holding company with over $500 billion in assets and approximately 48,000 employees across the two countries. 2) Financial performance in the first half of 2008, which saw a pre-tax loss of $3 billion for the US and Canada combined. 3) Steps taken by HSBC Finance Corporation to reduce risks in consumer finance by selling off portfolios, tightening underwriting, and reducing branch networks and loan balances across various business lines in response to rising delinquencies.