HSBC Ends US Mortgage-Backed Bond Sales (AP via Yahoo! Finance)

Story date: 2007-11-08 02:13:26
Added on: 2007-11-08 23:00:18

HSBC Holdings PLC said it stopped selling and trading mortgage-backed securities in the United States as the British bank continues to adapt its businesses to turmoil caused by a sharp rise in mortgage defaults and a loss of investor confidence.


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