HSBC said suffering from lack of information
HSBC Bank Canada has taken a small provision for losses in its own portfolio of frozen commercial paper, but chief executive officer Lindsay Gordon says that, like other investors, it’s suffering from a lack of information.
His comments stand out because HSBC is one of the 10 financial institutions that conceived the restructuring plan for the troubled third-party asset-backed commercial paper market - the so-called Montreal Accord. If any investor should have strong knowledge about the market, it’s HSBC. (see more)
Thinking of making a debt settlement offer? See common settlement scams and rip-offs firstRelated Posts
- HSBC sued over asset-backed commercial paper, subprime
- Another law suit for HSBC in Canada
- HSBC sued for selling investments now frozen
- HSBC must inject $45 billion to keep funds afloat
Related Searches: lindsay gordon, chief executive officer, bank canada, financial institutions, asset backed commercial paper market
Call somebody about this, anywhere in the world, for FREE
