Household International

HSBC Sells U.S. Consumer, Homeowner Debt for $3.2 Billion

HSBC Holdings Plc, Europe’s biggest bank by assets, agreed to sell a portfolio of U.S. consumer loans for $3.2 billion in cash as it scales back its operations in the country.

HSBC Reports Declining Profit, Says Costs Are Increasing

HSBC Holdings Plc, Europe’s largest bank by market value, posted a decline in full-year profit after paying a record penalty for compliance failures and said costs rose for a third year, missing its target.

Goldman, Citigroup, AIG, IKB, Galleon in Court News

Goldman Sachs Group Inc. has signaled it will fight a U.S. lawsuit over subprime mortgage instruments the same way Bank of America Corp.’s Merrill Lynch unit and UBS AG have challenged similar claims -- by invoking the concept of caveat emptor: Latin for buyer beware.

HSBC Signs $249 Million Deal Settling U.S. Foreclosure Flaws

HSBC Holdings Inc. has agreed to a $249 million accord to settle claims of improper U.S. foreclosures, joining 12 other mortgage servicers in a deal that now exceeds $9 billion, according to banking regulators.

Goldman Sachs Said to Be Part of Fed-Led Foreclosure Deal

Goldman Sachs Group Inc., Morgan Stanley and two other banks may agree as soon as this week to settle claims over botched foreclosures in an accord similar to one reached with 10 other loan servicers, two people briefed on the discussions said.

HSBC to Reap $2.4 Billion Gain From Sale of U.S. Card Unit to Capital One

HSBC Holdings Plc, Europe’s biggest bank, will reap a $2.4 billion after-tax gain from the sale of its U.S. credit card division to Capital One Financial Corp. as the lender focuses on growth in emerging markets.

HSBC’S Indian Loan Debacle Spurs Bank to Target Rich in Asia

Naina Lal Kidwai , HSBC Holdings Plc’s country head for India, remembers when the bank’s plan to boost profits by lending to the nation’s burgeoning middle class went awry.

HSBC Holdings to Exit Canadian Consumer-Finance Business

HSBC Holdings Plc, the world’s second-largest bank by market value, is exiting the consumer- finance business in Canada it bought almost a decade ago, following similar moves in the U.S. and U.K.

HSBC Profit Beats Analysts’ Estimates on Emerging-Markets

HSBC Holdings Plc, Europe’s largest bank, said first-quarter profit rose 26 percent, beating analysts’ estimates, helped by increased income at its securities unit and a decline in U.S. loan losses.

HSBC Sells U.S. Consumer Insurance Operation to Enstar Group

HSBC Holdings Plc, Europe’s largest bank, agreed to sell its U.S. insurance manufacturing business to Enstar Group Ltd. for about $181 million in cash.

Stuart Gulliver

North America

Obama’s Commerce Pick Got $54 Million from Bahamas Trust

Tiger Global, Appaloosa Cut Apple Stakes

Squeezed Tesla Bears Buying $276 Million Hand Musk 146% Gain

Google Rises as Page Updates Music to Maps Services

U.S. Stocks Rise on Stimulus Bets as Manufacturing Falls