Category Archives: Barclays PLC

RBS and HSBC package bad loans, sued in US

September 4, 2011 – 4:53 AM

Documents released by the US Federal Housing Finance Agency (FHFA) claim that Royal Bank of Scotland (RBS) and HSBC retained the services of Clayton Holdings, a risk analysis specialist, to scrutinize loans before they were placed in bundles of mortgage-backed securities.

By Timothy Blake | Also posted in HSBC, Royal Bank of Scotland (RBS) | Tagged , , , , , , | Comments (1)

Layoffs sweep the banking sector

August 22, 2011 – 12:28 AM

HSBC, Barclays PLC, Goldman Sachs Group Inc and Bank of New York Mellon Corp have announced plans to ax thousands of workers in recent months. On Thursday, Bank of America Corp Chief Executive Brian Moynihan sent a memo to senior executives outlining plans to cut another 3,500 jobs.

By Timothy Blake | Also posted in Mellon Bank | Tagged , , , , , | Comments Off