HSBC to sue BofA and Merrill over RMBS deal

HSBC is reportedly looking to sue Bank of America, Merrill Lynch and Countrywide for $420m over claims they fed HSBC mortgage loans to be securitised that they knew were subpar.

By Daniel Siegal (May 25, 2016, 10:48 PM EDT) -- HSBC on Tuesday filed a summons in New York state court indicating it will be suing Bank of America, Merrill Lynch and Countrywide for $420 million over claims that the banks fed it mortgage loans to be securitized that they knew were subpar....

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