HSBC Finance Corp. aggreed to purchase The Metris Companies Inc. for roughly $1.59 billion, the companies announced this morning. HSBC is the sixth largest MasterCard and Visa issuer and the U.S. and Metris is the eleventh largest MasterCard and Visa issuer in the U.S. Metris has approximately US$5.9 billion of managed receivables.
HSBC acquires Metris
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