HSBC Holdings Plc will pay $470 million to end U.S. probes into allegations of foreclosure abuses including robo-signing that may have deprived struggling borrowers of opportunities to keep their homes. Federal and state officials said on Friday that the bank’s ...

Tagged with: Foreclosures HSBC

ALBANY, N.Y. — New York’s attorney general is suing HSBC Bank USA and HSBC Mortgage Corp., claiming they’re failing to set timely foreclosure settlement conferences required by state law. The law says mortgage lenders who sue to foreclose on residential ...

Tagged with: Attorney General Banks Foreclosures HSBC lawsuit legal news mortgage new york scam

NEW YORK — When the Justice Department announced its record $1.9 billion settlement against British bank HSBC last week, prosecutors called it a powerful blow to a dysfunctional institution accused of laundering money for Iran, Libya and Mexico’s murderous drug ...

Tagged with: Banks Business businesses department of justice HSBC money laundering

What role, if any, should a general counsel play in succession planning?

Tagged with: associate CEO FCC general counsel google HSBC in-house counsel In-House Interrogatory in-house interrogatory lawyer leadership portland

MCLEAN, Va. — Capital One Financial Corp. said Wednesday that it will buy the U.S. credit card arm of Britain’s HSBC for a premium of about $2.6 billion as a way to expand its domestic credit card business. “Adding the HSBC ...

Tagged with: acquisition Banks capital one credit card HSBC mastercard visa

LONDON — British banking group HSBC said Monday it will cut 30,000 jobs worldwide by 2013 and sell almost half its retail bank branches in the U.S., part of a new strategy to focus on fast-growing emerging markets. The bank, ...

Tagged with: bank Banks Economy goldman sachs HSBC job cuts london Retail ubs

The Office of the Comptroller of the Currency issued cease-and-desist orders Wednesday against eight national mortgage bankers, including Bank of America, PNC and Wells Fargo, for “unsafe and unsound” practices dealing with residential mortgage foreclosures. The banks agreed to the ...

Tagged with: Bank of America Banks Citibank FDIC Federal Deposit Insurance Corp. HSBC JPMorgan Chase mers PNC wells fargo