Success amid credit crisis (Richmond Times-Dispatch)
NEW YORK Ronald Hermance, head of Hudson City Bancorp, has never made a subprime loan. His bank doesn’t keep risky mortgage securities on the books, and is headed toward another record year of profits. Nonetheless, Hermance’s Paramus, N.J.-based savings bank finds itself cast alongside embattled institutions such as Citigroup Inc. and Washington Mutual Inc. as the credit crisis continues. For …
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