Moving ahead in selling off its U.S. consumer loan portfolios, HSBC Holdings plc ( HBC ) announced the divestiture of certain of the same. The company signed a deal with SpringCastle Acquisition LLC, a subsidiary of Springleaf Finance, Inc. and Newcastle Investment Corp. ( NCT ) to vend these portfolios for $3.2 billion in cash. The loan portfolios being sold comprise of approximately 400,000 personal homeowner loans and personal unsecured loans, which were originated by HSBC's U.S. division – HSBC Finance Corporation. The transaction, still subject to customary closing conditions, is expected to close in the second quarter of 2013. Concurrently, HSBC also entered in to a separate agreement with Springleaf to sell its loan servicing facility and other related assets in Ky. This deal is expected to be closed by the end of this year.