October 9, 2011 – 5:49 AM
President Barack Obama said the mortgage finance practices that led to the economic meltdown were “immoral, inappropriate and reckless,” but not necessarily illegal, making it difficult to punish key players, specifically in the subprime debacle.
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.
August 29, 2011 – 9:18 PM
After buying out HSBC, Capital One is likely to be the sole significant subprime credit card issuer in the US. It is also a leading subprime auto lender. But it does not have a sustained, substantial track record in any major businesses except card and auto.
August 27, 2011 – 6:56 AM
What do HSBC and Santander have in common? Aside from Santander buying HSBC’s auto loan business in the U.S., they both have insurance problems.
HSBC said it will also sell, shut or slim down retail operations in 39 markets, where operations are sub-scale and unprofitable and is looking to sell its U.S. credit card arm and shrink its network of 475 U.S. branches.
By Timothy Blake
|
Posted in Goldman Sachs, HSBC
|
Also tagged bank, Credit Suisse, firings, Goldman Sachs, job, layoffs, Lloyds, release, retail banking arm, retail operations, Standard Chartered, State Street Corp, terminate, UBS
|
Subscribe to feed
Most Searched For