Inside these posts: U.S. foreclosures

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HSBC halts U.S. foreclosures pending review

HSBC Holdings PLCĀ  has suspended its foreclosure proceedings in the U.S. after a regulatory letter noted “certain deficiencies” in its processes.

The London-based bank became the latest to disclose that investigations by the Federal Reserve and the Office of the Comptroller of the Currency into foreclosure practices will likely result in fines and costly changes to the way it runs its mortgage business. Get the full story »