HSBC Canada exits consumer finance, lays off 500

TORONTO, March 21 - The Canadian arm of HSBC Bank will wind down its consumer finance business and lay off about 500 employees after failing to find a buyer for the unit.

Source: http://feeds.reuters.com/~r/reuters/dealsNews/~3/qPmXbAFj6sk/us-hsbc-canada-idUSBRE82K1ET20120321

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