Aldinger leaves trail of failures with Capmark Financial bankruptcy

2006 – 2008 — William F. Aldinger, 61, retired as President, Chief Executive Officer and Chairman of the Board of Directors of Capmark Financial Group Inc., a commercial real estate finance company, in December 2008, positions he had held since June 2006. Oct 25, 2009 — Commercial real estate company Capmark Financial filed for bankruptcy …

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 …

Credit card debt crushes HSBC and others

As if subprime losses are not enough, big banks including HSBC know they are pushing the limit of credibility on credit card balances. Writeoffs are up 48 percent. The largest credit-card banks each set aside $1 billion to $3.5 billion in the third quarter for losses on card loans as their profits plummeted. The biggest …

HSBC Loss Set-aside Up 96 Percent

“What started in 1994 as predatory lending under then-CEO William F. Aldinger finally began to fall like feathers in the wind by 2007” said Household – HSBC Watch. “People need to understand that HSBC Finance has a major credit card operation and they will try to make up earnings somewhere, and regulators seem to be …

The Household International and Ameriquest Settlements

Predatory lending settlements are now available to Ameriquest customers, and the final settlements still pale when compared to HSBC’s Household International. In fact some regulators said the Household International settlement should have been much more than $484 million, but they were afraid a realistic amount would put the company out of business. The Ameriquest settlement …