HSBC Bank USA has announced the opening of a West Coast headquarters office in downtown Los Angeles with a staff that includes a mortgage specialist.The bank said the opening is part of its continuing expansion in California, where it now boasts eight branches, six in Southern California and two in the San Francisco Bay area. In addition to a mortgage specialist, the multilingual staff includes a financial adviser, an insurance specialist, and a small-business relationship manager, the bank said. The company, the principal subsidiary of HSBC USA Inc., can be found on the Internet at http://us.hsbc.com.
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A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
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Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
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The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
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The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
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The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
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