TITLE

Debt Syndicate Head is Latest HSBC Departure

AUTHOR(S)
Mitchell, Donna
PUB. DATE
April 2007
SOURCE
Investment Dealers' Digest;4/23/2007, Vol. 73 Issue 16, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the impact of failing subprime adjustable-rate mortgages (ARMs) and second-lien loans to the financial performance of Hongkong and Shanghai Banking Corp. (HSBC) in New York. Several key structured finance executives at HSBC have transferred and resigned due to its expected financial loss of about $1.8 billion. Some employees who resigned are Caroline Morrill, head of debt syndicate, and Jon Voightman, managing director in the mortgage-backed structured products group.
ACCESSION #
24851220

 

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