March 5 (Reuters) - HSBC Holdings Plc said itagreed to sell a U.S. subsidiary's personal unsecured loan andpersonal homeowner loan portfolios to SpringCastle AcquisitionLLC and Newcastle Investment Corp.
The subsidiary, HSBC Finance Corp, also said it agreed tosell its loan servicing facility and related assets in London,Kentucky to Springleaf Finance Inc.
The total consideration to be paid by SpringCastle and itsparent, Springleaf, is $3.2 billion in cash.
"These agreements accelerate the run-off of the legacyconsumer mortgage and lending business and are a continuation ofHSBC's strategy to reposition its U.S. operations and focus onthe core businesses supporting our aim to be the world's leadinginternational bank," Patrick Burke, CEO, HSBC Finance Corp saidin a statement.