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HSBC (HBC) confirms it's in talks to sell its U.S. credit card and retail services business...

Aug. 09, 2011 5:01 AM ETHSBC Holdings plc (HSBC) StockHSBC, COFBy: Yigal Grayeff, SA News Editor
HSBC (HBC) confirms it's in talks to sell its U.S. credit card and retail services business following a report yesterday that Capital One (NYSE:COF) is in negotiations to buy the U.K. bank's $30B U.S. credit-card portfolio. However, HSBC didn't comment on whether COF is involved. HSBC -6.4% in London.

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