The Mexican affiliate transported US$7 billion in physical US dollars to HBUS
from 2007 to 2008, outstripping other Mexican banks, even one twice its size, raising red flags that the volume of dollars included proceeds from illegal drug sales in the United States.
SUBSIDIARY & AFFILIATED COMPANY SENSITIVITY/RATING DRIVERS HUSI and HBUS
factor in a high probability of support from their respective parent institutions.
HBUS is now using Household's automatic decisioning
All Household and HBUS travel operations are combined
The special dividend will reduce the Tier 1 capital of HBUS and HUSI by $2.
Moody's Investors Service, Standard & Poor's and Fitch have indicated that there has been no impact on their ratings of HUSI or HBUS as a result of this transaction.