Minneapolis Star Tribune Reports on Loans Gone Bad

According to the local paper here in the Twin Cities, HSBC Holdings ranks at the top of the list of loans gone bad.  Not surprising since they were one of the very biggest subprime lenders.  What is more surprising is JP Morgan Chase....one of the biggest we can't allow to fail....yeah, right. 

                                                 Mortgages in forecosure                % of bank's mortgage in foreclosure

1   J.P. Morgan Chase                              $19, 498.0                                    7.50%

2   Bank of America Corp                          $18,767.4                                     4.39%

3   Wells Fargo& Co                                  $17,555.0                                     4.74%

4 HSBC North American Holdings, Inc          $6,585.3                                       9.04%

5 Citigroup Inc.                                        $5,959.0                                       3.34%

All bank holding companies                      $87,343.01                                     4,10%

Note: Dollars in millions and the source is SNL Financia.

Take from this what you will, but, I find it disturbing that the banks that have been accursed of robosigning have the least percentages of defaults.