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...Metro Bank also recently said that Barclays was among the potential buyers of a suite of £3bn worth of mortgages....
...HSBC USA is in the process of selling hundreds of millions of dollars of commercial real estate loans, potentially at a discount, as part of an effort to wind down direct lending to US property developers...
...David Bell: It will stagnate, probably doing as badly as other advanced countries (USA excepted)....
...assets (Bloomberg) HSBC taps JPMorgan for potential Canada exit (Reuters) Allen & Overy, Linklaters suffer worst talent drain as rivals fight for top lawyers (Financial News) Naver/Poshmark: paying a...
...Marine and energy asset owner Atlas Corp has accepted an $11bn take-private offer from Poseidon Acquisition Corp, the investment vehicle backed by Atlas’s chair David Sokol....
...The SoftBank executive cut his teeth building Deutsche Bank’s fixed income business, where he would eventually oversee a team of traders whose bet against the US subprime mortgage market was chronicled in...
...News round-up Kanye West to buy ‘free speech’ app Parler (FT) Rupert Murdoch proposes merging Fox and News Corp (FT + Lex) Credit Suisse reaches $495mn mortgage settlement with US prosecutors (FT) Bain...
...HSBC Asset Management, for example, voted for the entire board at 40 companies that failed to meet Climate Action 100+’s benchmark targets....
...Simon Wells, chief European economist at HSBC: The UK is likely to underperform the eurozone through 2023....
...As a proportion of GDP our debt remains lower than the USA, Canada, France, Italy and Japan....
...In 2018 the UK courts refused to extradite Stuart Scott, a HSBC banker who was based in London and was charged in the US with forex-rigging....
...The so-called “Big Four” high street banks — Barclays, HSBC, NatWest and Lloyds — all grew out of regional lenders such as the 19th century Birmingham and Midland Bank, which eventually became HSBC UK....
...Smart reads The house always wins Sky Bet, the most popular gambling app in Britain, knows more than its users’ favourite games — it uses banking records, mortgage details and location co-ordinates to keep...
...“The line that was more challenging to manage was cost,” said Javier Rodríguez Soler, chief executive of BBVA USA....
...The group blamed the impact of coronavirus on the global economic outlook, and other subsidiaries in Poland and the USA also suffered....
...Centerview Partners featured alongside HSBC as the advisers to Nexi. DD is told ex-Lazard man Matthieu Pigasse served as the key banker for Centerview. Dealmaking beats the odds. For now....
...Credit Acceptance Corp and Santander Consumer USA (a subsidiary of Madrid-based Banco Santander) are both down more than a third for the year to date. Ally Financial has shed nearly half of its value....
...Mr Burke, 57, chief executive of HSBC USA since 2014, will retire in October and be replaced by an outsider, Michael Roberts, who previously led Citigroup’s global corporate bank....
...BlackRock is the largest shareholder of Santander, for example, whose asset management unit joined the platform last year, and a major shareholder of HSBC and Credit Suisse, other recent clients....
...The London-headquartered bank said Patrick Burke, 57, who has worked for HSBC since 1989, would retire as chief executive of HSBC USA in October and be replaced by Michael Roberts, an executive who has worked...
...They illustrate their argument by comparing the paths to success of the richest people in Mexico and the USA (p39)....
...At the time, there were widespread expectations that the wave of defaults hitting the mortgage market would wash over the auto sector as well....
...Mortgage market competition — encouraged by new regulations that left HSBC and Barclays with billions of pounds in excess liquidity that can only be used in the UK — has driven some smaller banks to move...
...(FT, NYT, USA Today) In other developments: HSBC has evacuated dozens of staff from its office in London’s Canary Wharf after a staff member reported a confirmed case of coronavirus....
...HSBC Australia increased pre-tax profits by more than a quarter to $463m last year....
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