Investment
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HSBC Exits Correspondent, Wholesale Lending
Nov 20, 2008HSBC Holdings [stock HBC][/stock] confirmed Wednesday that it will cut roughly 325 U.S. jobs as part of an exit from wholesale/correspondent mortgage lending; the London-based bank shut down lending activity via third-party brokers on Tuesday afternoon. Among the cuts will be 100 account executives that worked with brokers nationwide, or all HSBC account execs; another 225 jobs will be lost at the firm’s Depew, New York-based office, Bloomberg News reported.
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Citi Plans Deep Layoffs; Likely Not Alone, Sources Say
Nov 17, 2008 -
The Goldman Effect: No Bonuses?
Nov 17, 2008 -
JP Morgan’s Loan Mod Program Prevents 250,000 Foreclosures
Nov 07, 2008 -
MBIA Posts Q3 Loss, Builds Loss Reserves
Nov 05, 2008 -
2009 Looks to be Rough Sledding, Some Banks Project
Nov 04, 2008 -
Waxman Questions Use of TARP Funds
Oct 29, 2008 -
Goldman Looks to Cut 10 Percent of Workforce: Report
Oct 23, 2008 -
Lahde, Idiots, and Hedge Fund Trades
Oct 20, 2008
