HSBC Mortgage Services plans to close its collections call center in Orlando and eliminate nearly 110 jobs locally, the company said this week (April 6, 2007). The Charlotte-based mortgage business of HSBC North America said it would move the work and an undetermined number of jobs to a similar operation in Tampa. HSBC is the nation’s 10th largest player in the subprime mortgage industry, which provides higher-interest home loans to riskier, credit blemished borrowers.
Popularity: 7% [?]
A long list of troubles for HSBC Panama’s General Manager Joseph Salterio grew even longer when newspaper “La Estrella de Panama” recently published an article, “Tras la pista de la Romana, S.A.,” about how the assets of a family rice milling company were allegedly transferred into another company, defrauding the family co-owners. The complainant is Javier Tejeira, a legislator, and a co-defendant named in the criminal fraud complaint is Joseph Salterio, the general manager of HSBC – Panama and also one of the principals in the company that allegedly received the stolen assets.
Popularity: 6% [?]
HSBC mortgage operations in the Fort Mill, S.C., area are taking a hit from restructurings that have closed branches and shifted work to other units.
Popularity: 4% [?]
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