HSBC to expand consumer finance business.

(From FT Investor (Stories))

HSBC sees "huge opportunities" in the UK to expand its Household consumer finance operation.

HSBC, which paid $14bn (GBP8.3bn) to acquire the US-based group in March, believes there are also opportunities to expand Household's operations to such countries as Brazil and Mexico, where HSBC already has a presence.

David Schoenholz, Household's chief operating officer, said Japan, India and Russia may prove to be attractive markets.

He also told investors in London on Friday that Household was potentially interested in some non-organic growth in its core US market - although this would be through small bolt-ons. …