New York’s Spitzer to Probe HSBC
New York Attorney General Eliot Spitzer has requested information from HSBC’s American arm, Household International, as part of a wider probe into mortgage lending. It is Spitzer’s first foray into retail lending practices and comes after a string of successful investigations by his office into the mutual fund industry, insurance and investment banking. Consumer advocacy organization Household - HSBC Watch sent information to Spitzer to assist in this investigation.
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