Finance & Mortgage

HSBC Pulls Out of UK’s CML

HSBC has announced it will quit the U.K.'s Council of Mortgage Lenders and has given the mortgage body a one year's notice. The bank's move comes ahead of the industry vote on merging a number of lender trade bodies.

HSBC Clamps Mortgage Offering to Chinese Buying Real Estate in US

HSBC has just changed its policy on lending money to some Chinese nationals. China has recently started clamping down the outflow of capital after a $108 billion drop in China's foreign currency reserves.

New York City Lawmakers: Cap Property Taxes

New York City Mayor Bill de Blasio was put under pressure by state lawmakers earlier this week with regard to capping property tax rates in the city.