We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Credit Suisse Group | NYSE:CS | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.8858 | 0 | 01:00:00 |
From May 2019 to May 2024
By Razak Musah Baba
LONDON--HSBC Holdings PLC (HSBA.LN) has sold a portfolio of U.S consumer mortgage loans to DLJ Mortgage Capital, Inc., a subsidiary of Credit Suisse Group AG (CS), for $1.50 billion.
The banking and financial services group said the transaction is part of its plan to scale back its consumer mortgage loan business and to sell substantially all of HSBC Finance Corporation's residential mortgage loans.
The proceeds will be used to pay down long-term debt and for general corporate purposes, it said.
HSBC said the sale was made by its subsidiaries, HSBC Finance Corporation and HSBC Bank USA, NA, adding that the disposal was agreed and completed on Feb. 23.
At 1410 GMT, HSBC shares were up 1 pence, or 0.1%, at 666 pence, valuing the company at GBP132.22 billion.
-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet
(END) Dow Jones Newswires
March 07, 2017 09:33 ET (14:33 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
1 Year Credit Suisse Chart |
1 Month Credit Suisse Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
