William F. Aldinger III

Definition of 'William F. Aldinger III '


An American business executive who has held top positions with Household International, HSBC and Capmark Financial Group. He has also been a board member of AT&T, Charles Schwab, KKR Financial Corporation and MasterCard.

Aldinger began his career with U.S. Trust Company, then worked for Citibank and Wells Fargo before joining Household International as CEO and president in 1994. In 1996, he stepped down as president of Household and added the title of chairman. He helped expand Household from a credit card company into a mortgage company, but then the company began to suffer from predatory lending lawsuits brought against it by its customers and had to restate nine years of earnings in 2002.

Investopedia explains 'William F. Aldinger III '


Aldinger III was born in Brooklyn in 1947, and earned a JD from Brooklyn Law School in 1975. He served as CEO and chairman at Household International until the company was acquired by HSBC in 2003. After the acquisition, Aldinger III became chairman and CEO of HSBC North America Holdings until 2005.

He then left HSBC and became president and CEO of Pennsylvania-based commercial real estate lender Capmark Financial Group, formerly GMAC Commercial Holding Corp, from 2006 to 2008. After it suffered from a large number of commercial mortgage defaults and a decline in its loan origination and servicing business, Capmark filed for chapter 11 bankruptcy in October 2009.



comments powered by Disqus
Hot Definitions
  1. Family Limited Partnership - FLP

    A type of partnership designed to centralize family business or investment accounts. FLPs pool together a family's assets into one single family-owned business partnership that family members own shares of. FLPs are frequently used as an estate tax minimization strategy, as shares in the FLP can be transferred between generations, at lower taxation rates than would be applied to the partnership's holdings.
  2. Yield Burning

    The illegal practice of underwriters marking up the prices on bonds for the purpose of reducing the yield on the bond. This practice, referred to as "burning the yield," is done after the bond is placed in escrow for an investor who is awaiting repayment.
  3. Marginal Analysis

    An examination of the additional benefits of an activity compared to the additional costs of that activity. Companies use marginal analysis as a decision-making tool to help them maximize their profits. Individuals unconsciously use marginal analysis to make a host of everyday decisions. Marginal analysis is also widely used in microeconomics when analyzing how a complex system is affected by marginal manipulation of its comprising variables.
  4. Treasury Inflation Protected Securities - TIPS

    A treasury security that is indexed to inflation in order to protect investors from the negative effects of inflation. TIPS are considered an extremely low-risk investment since they are backed by the U.S. government and since their par value rises with inflation, as measured by the Consumer Price Index, while their interest rate remains fixed.
  5. Gilt-Edged Switching

    The selling and repurchasing of certain high-grade stocks or bonds to capture profits. Gilt-edged switching involves gilt-edged security, which can be high-grade stock or bond issued by a financially stable company such as the Blue Chip companies or by certain governments.
  6. Master Limited Partnership - MLP

    A type of limited partnership that is publicly traded. There are two types of partners in this type of partnership: The limited partner is the person or group that provides the capital to the MLP and receives periodic income distributions from the MLP's cash flow, whereas the general partner is the party responsible for managing the MLP's affairs and receives compensation that is linked to the performance of the venture.
Trading Center