Thursday, Feb 22, 2007

First A&L, now HSBC. The wheels are coming off the SubPrime Market

FT.com: Mehta quits as HSBC’s North American head

Bobby Mehta, head of HSBC‘s North American arm, has become the bank’s first senior casualty following its first profits warning earlier this month.
Mr Mehta, chief executive of HSBC North America Holdings and chairman and chief executive of HSBC Finance Corporation, stepped down with effect from February 15, the bank said on Thursday.

Posted by lvmreader @ 05:06 PM (186 views) Add Comment

1 Comment

1. Orwell said...

Thanks for that IVM, will we now see Scabbey go the same way?

Friday, February 23, 2007 09:17AM Report Comment
 

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