4 Financial Stock Stories For Savvy Investors

| + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

HSBC Holdings (NYSE:HBC): Current price $55.71

New York Attorney General Eric Schneiderman claims that HSBC violated New York foreclosure law and placed homeowners at a greater risk of losing their homes, and said Tuesday that he is suing the bank. A state investigation revealed that HSBC has left homeowners in foreclosure by not meeting requirements for giving them a chance to negotiate loan modifications, said Schneiderman’s office. This lawsuit is brought as state attorneys general across the United States have targeted banks over foreclosure practices, in 2012 coming to a $25-billion settlement with five mortgage servicers, among which included Bank of America Corp. and Wells Fargo & Co. However, HSBC was not part of that settlement.

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.


More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business