HSBC will close down its U.S. credit card business worth $33 billion if it is unable to find any potential buyer, Reuters reports. Barclays and Capital One Financial are the prospective buyers for a part of the card business.

The operation does not fit with the global strategic plan that the bank is executing, said group CEO Stuart Gulliver, adds CFO World. HSBC has also been winding down its U.S. consumer loan business over several years.

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