As part of its revamp, HSBC (HBC) may sell its U.S. credit card arm - if it can. Since 2007,...

|By:, SA News Editor

As part of its revamp, HSBC (HBC) may sell its U.S. credit card arm - if it can. Since 2007, both Citi (C) and GE (GE) have tried and failed to sell similarly large U.S. credit card portfolios. Even if buyers emerge (BCS and COF are possibilities), the likely low premium could scuttle the sale.