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HSBC Can't Escape Regulator's Suit Over $2B In MBS

By Cara Salvatore ( July 21, 2015, 10:55 PM EDT) -- A New York federal judge refused to let HSBC Bank USA NA out of a suit by the National Credit Union Administration over $2 billion in mortgage backed securities on Monday, saying the NCUA completed the requisite steps to act derivatively on behalf of Bank of New York Mellon under Delaware law....

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