Fannie Mae, Freddie Mac and RBS roundup

Royal Bank of Scotland is eliminating 3,500 investment bank jobs and will sell or shut the bank’s equities and advisory business under a 3-year plan to further reduce risk. RBS said the bank will focus more on domestic retail and corporate banking. RBS, 83 percent owned by the UK government, on Thursday said it will …

Wells and USAA mortgage refi, credit card news of the week

Thanks goodness for credit card reform. Compared to the old days it is really nice to get email reminders when a credit card payment is due. Confirmation emails are wonderful. What happened to huge profits generated by credit card companies when they “forgot” to mail a statement, just to make you pay interest on “zero …

Programming of HSBC Watch completed

Meeting another end-of-2011 goal Lender Watch recently completed reprogramming of HSBC Watch. The website was formerly located at householdwatch.com and the new domain name better reflects today’s visitor interests. Timothy Blake and Lender Watch have owned the domain name HSBCWatch.com for many years. Forums are Smart Phone Ready HSBC Watch forums have been transitioned and …

Bank layoffs might thrill Occupy Wall Street

A recent article on Equities.com by Brittany Barrett tells us which Wall Street Banks are laying off the most people. Our Lender watch articles reflect layoff announcements as they happened, but Barrett puts figures all in one place. You might find the results both interesting and revealing. Morgan Stanley (MS): The most recent of the …