California Home Loan 360

HSBC Holdings, Europe's largest bank, said Monday that it would bail out two troubled investment funds it manages by transferring about $45 billion of their assets onto its balance sheet.

Moody's Investors Service sent warnings Wednesday to Citigroup Inc. in New York and HSBC Holdings in London that it might downgrade their structured investment vehicles as the rating company reviews $33 billion worth of the debt.

HSBC Holdings, Europe's biggest bank, said Friday that it would close Decision One Mortgage, a U.S. unit that made sub-prime loans through independent brokers, cutting 750 jobs and taking $945 million in charges and write-downs.