Supreme Court justice orders HSBC CEO to court

Wednesday, July 6th 2011, 4:00 AM — A Brooklyn judge has ordered the head of HSBC to appear in court and explain why it should not be penalized for submitting false documents in a foreclosure case. In a scathing decision issued Friday, Supreme Court Justice Arthur Schack dismissed HSBC’s case against Bedford-Stuyvesant homeowner Ellen Tahrer …

Capmark under pressure after William F. Aldinger departure

Once again former Household International CEO and head of Capmark Financial Group – the famous William F. Aldinger – escapes just in time. A few months ago William F. Aldinger retired as the head of Capmark. Now banks are again finding themselves vulnerable. JPMorgan Chase & Co and Deutsche Bank AG, which hold $1.2 billion …