If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Infectious Greed - Bullish Data/News Only
Today’s Business Press - “It’s Like an Unending Nightmare”
Financial Times - HSBC unit ‘destroyed’ $10bn
Naked Capitalism - AIG Restructuring Leaving Best Bits to AIG, Not US Taxpayer
Huffington Post - Fannie and Freddie Will Likely Never Return To Private Hands
The UK-based bank announced a flurry of changes to its business in the States. HSBC announced 6,100 job cuts, raising $18 billion in new capital, and pulling out of consumer lending in the United States.
The company is most notorious for its purchase of Household International, one of America’s most prolific subprime lenders. In addition [...]
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