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July 30, 2015 5:19 AM ET

Thrifts and Mortgage Finance

Company Overview of HSBC Finance Corp.

Company Overview

HSBC Finance Corporation, through its subsidiaries, provides real-estate secured loans in the United States. The company was formerly known as Household International Inc. and changed its name to HSBC Finance Corporation in December 2004. HSBC Finance Corporation was founded in 1878 and is based in Mettawa, Illinois. HSBC Finance Corporation is a subsidiary of HSBC North America Holdings Inc.

26525 North Riverwoods Boulevard

Suite 100

Mettawa, IL 60045

United States

Founded in 1878

1,700 Employees

Phone:

224-880-7000

Key Executives for HSBC Finance Corp.

Chief Executive Officer and Director
Age: 54
Chief Financial Officer and Executive Vice President
Age: 52
Chief Executive Officer of HSBC Bank - USA, President - USA, Head of HSBC Bank U S A Na and Head of Hsbc USA Inc
Age: 52
Group Chairman of HSBC Holdings PLC
Age: 66
Chief Risk Officer and Senior Executive Vice President
Age: 48
Compensation as of Fiscal Year 2015.

HSBC Finance Corp. Key Developments

HSBC Finance Corporation Declares Dividend for Holders of Series B Preferred Stock Payable June 15, 2015

HSBC Finance Corporation announced that its board of directors declared the regular quarterly cash dividend on the company’s Series B preferred stock of $0.3975 per depositary share payable on June 15, 2015, to stockholders of record as of June 1, 2015.

HSBC Finance Corporation Approves Amendment and Restatement of its Bylaws

On April 29, 2015, the Board of Directors of HSBC Finance Corporation approved an amendment to and a restatement of its bylaws, which were effective immediately upon such approval by the Board. The Bylaws were amended to reflect the Board's ability to appoint a Vice Chairman to assume the duties of Chairman in the absence of the Chairman. Other ministerial amendments were also made.

HSBC Finance Corp. Appoints PricewaterhouseCoopers LLP as Independent Registered Public Accounting Firm in Place of KPMG LLP

HSBC Finance Corp. at its meeting on February 16, 2015, the audit committee of the board of directors of company approved the appointment of PricewaterhouseCoopers LLP (PwC) to serve as its independent registered public accounting firm for the year ending December 31, 2015. PwC's appointment will be effective February 24, 2015, for the fiscal year ending December 31, 2015 and for all interim periods therein. KPMG LLP was dismissed as the Company's independent auditors effective February 23, 2015.

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Recent Private Companies Transactions

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