Sentence examples for consumer finance operations from inspiring English sources
Banco Santander of Spain, for example, owns the British mortgage lenders Alliance & Leicester and Abbey National, and has consumer finance operations in a number of countries.
In a separate announcement Friday, G.E. said it would sell its Japanese consumer finance operations to Shinsei Bank for more than $5 billion.
The American International Group agreed to sell its consumer finance operations in Mexico to firms related to Afirme Grupo Financiero and Consorcio Villacero.
Those include its consumer finance operations, private-label credit card businesses and the $306 billion of illiquid assets, largely guaranteed by the government.
Mr. Pandit is still searching for buyers for other troubled assets, like a big portfolio of private-label credit card loans and its consumer finance operations that cater to less affluent borrowers.
Conseco Inc., the insurance and finance company, filed a reorganization plan late tonight that details its plans to emerge from bankruptcy and maintain its insurance business while selling its consumer finance operations.
In 2008 HSBC reported a $15.5bn loss in North America, including a $10.6bn impairment charge for Household's consumer finance operation.
D1 BUSINESS DAY C1-16 Insaidr Sellitg Finance Unit Conseco said it would sell its consumer finance operation, the former Green Tree Finance, which it bought in 1998 for stock worth $7.6 billion.
The $350 million write-off, which could be increased after the company's auditors complete work on the annual report, relates to the carrying value of interest-only obligations that Conseco owns related to the consumer finance operation, which is a major lender for mobile home purchases.
The purchase of Tampa-based WaddinearlyMutual Finance will add nearly $4 billion in assets to CitiFinancial, the $104 billion consumer finance operation of Citigroup.
Heilig-Meyers, founded in 1913, botched a major acquisition spree and was hemorrhaging millions from a consumer finance operation that focused on deadbeat-laden lower income groups.
