Well it’s official. Capital One is purchasing HSBC’s card division, which is the division where Jim works. The news report says the deal won’t finalize until 2012 and that Capital One is offering all HSBC employees a position with Capital One. I googled their history of acquisitions and it appears they typically keep those locations and just rebrand and rename them to Capital One. So, if we are really lucky….this will happen again. HSBC will shut their doors one day and reopen them the next day as Capital One and Jim will still have the same job!
Here’s a link to one of the many many news reports out there this morning:
Capital One to buy HSBC US credit card arm.