HSBC Joins List Of Banks Warning It Will Probably Get Fined For Improper Foreclosure Practices

HSBC Joins List Of Banks Warning It Will Probably Get Fined For Improper Foreclosure Practices

HSBC is the latest in a string of banks who warned investors via their SEC filing that they expect to get fined after getting a letter from regulators chastising their improper foreclosure practices. On Friday, Wells Fargo, Ally Financial (formerly GMAC) and SunTrust banks made similar announcements. [More]