HSBC to close U.S. mortgage-backed securities desk (Reuters via Yahoo! News)
Story date: 2007-11-08 10:35:49
Added on: 2007-11-08 23:00:17
Europe's biggest bank HSBC Holdings (O005.HK) said it had stopped selling and trading mortgage-backed securities in the United States, as part of 120 job cuts in its investment bank unit on Thursday.
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