A probe of improper foreclosure practices by mortgage services, which began in October 2010, and engulfed the largest U.S. banks, is now drawing within its fold four smaller banks.
According to a report, state attorney generals are trying to get regional banks U.S. Bancorp (NYSE:USB), PNC Financial Services (NYSE:PNC), SunTrust Banks, Inc. (NYSE:STI), and HSBC Holdings plc (LON:HSBA) (NYSE:HBC), to come to a legal settlement regarding the improper foreclosure practices.
An HSBC spokesman confirmed that preliminary discussions had been held with regulators, but said “the timing of any settlement...
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