A partial settlement plan has been constructed by a group of state attorneys general and federal regulators. In theory, it addresses banks’ flawed mortgage servicing, modification and foreclosure practices. In reality, it just …
HSBC announced late last month that it had put all of its U.S. foreclosures on hold to review their documents — back in December. So why are its lawyers still pushing cases ahead? HSBC also says it doesn’t robo-sign. So why do…
HSBC got plenty of attention when it disclosed that it had suspended foreclosures in its annual report Monday. But its not the only bank whose annual report made for interesting reading. The risk disclosures in banks’ annual re…
In Hong Kong HSBC shares rose 1.5% before the company’s announcement early today in London that it had missed earnings estimates. The gain helped push the Hang Seng Index up 1.4.% In China the Shanghai Composite advanced 0.9% a…
Asian investors brushed aside worries over continuously rising Chinese inflation today, focusing instead on bargain shopping. Energy companies were a major attraction as oil prices surged. Hong Kong’s Hang Seng Index climbed 1….