Back to Search
Start Over
HSBC is sued over valuation of fund's bonds
- Source :
- Wall Street Journal. Europe. Oct 19, 2007, C2
- Publication Year :
- 2007
-
Abstract
- US real estate investment firm Luminent Mortgage Capital Inc. has sued the UK's HSBC Holdings PLC, alleging that HSBC's valuation of certain subprime mortgage bonds was inappropriately low, and bought the bonds at below their fair value, profiting at the fund's expense.
- Subjects :
- HSBC Holdings PLC -- Cases
Luminent Mortgage Capital Inc. -- Cases
Financial services industry -- Cases
Real estate investment trusts -- Cases
Unfair competition (Commerce) -- Cases
Subprime loans -- International aspects
Subprime loans -- Economic aspects
Financial services industry
Company legal issue
Banking, finance and accounting industries
Business
Business, international
Subjects
Details
- Language :
- English
- ISSN :
- 09219986
- Database :
- Gale General OneFile
- Journal :
- Wall Street Journal. Europe
- Publication Type :
- News
- Accession number :
- edsgcl.170155334