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U.S. Bancorp (NYSE:USB), MetLife (NYSE:MET) and SunTrust (NYSE:STI) are among the mortgage lenders who have recently received subpoenas from Federal regulators, involving the now expanded inquiry into potential violations of FHA program rules. Banks found in violation could be penalized, with the proceeds going to help pay back FHA losses.
HSBC Holdings (NYSE:HBC) gets out of the Greek stock market, divesting its brokerage unit there, which holds $44.7 million in assets, to a group of investors which is led by HBC’s current managing director, Nikos Pantelakis.
Aflac (NYSE:AFL) announces a shakeup at the top, as it names Timothy Stevens (ex-Black Rock) to head its newly created position of worldwide head of trading. Stevens will report to chief investment officer Eric Kirsch, who was recruited in 2011 from Goldman Sachs. In addition, Brad Dyslin, who was a colleague of Kirsch at Deutsche Bank, will now be the worldwide chief of credit at Aflac’s newly opened investments office in New York.
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