The wind down of HSBC Holdings Plc.’s U.S. finance unit has nearly 200 Florida employees losing their jobs during the next few months.
HSBC Finance Corp. originally stopped making new residential loans in early 2009. That move resulted in the elimination of 5,400 positions.
Now the unit is being wound down. The first phase of the wind down was in April of this year and resulted in more than 350 layoffs.
Source: Mortgage Daily