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Lenders in the NewsHSBC to close subprime unit | 2007-09-27NEW YORK (Reuters) - HSBC Holdings Plc (HSBA.L), Europe's biggest bank, said on Friday that it would close its U.S. subprime mortgage unit, cutting 750 jobs and taking $945 million in charges and write-downs, because the business is no longer sustainable. 2007-09-27 Source: KSBY News, Reuters Full Story
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Copyright ©2007 Offer Angel LLC All Rights Reserved. "Offer Angel" and "The Honest to Goodness Truth About Your Mortgage Offers" are service marks owned by Offer Angel LLC Other trademarks are the property of their respective owners. v55 |
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