British bank HSBC warns US bad debts up 30 percent (AFP via Yahoo! News)
Story date: 2007-11-14 06:54:06
Added on: 2007-11-14 17:00:16
Global banking giant HSBC said Wednesday that bad debts in the United States linked to the subprime crisis and credit squeeze rose almost a third to 3.4 billion dollars in the third quarter, from the previous three month period.
Read more...
Related Stories:
-
Bradford & Bingley and HSBC slash jobs - Daily Telegraph
The move comes as global banking giant HSBC takes the axe to 1,100 jobs, about 500 of them in London, as it...
2008-09-25 05:01:00 -
Banking crisis: US bad debts hit HSBC profits - Guardian Unlimited
HSBC has suffered another hit from the financial crisis after bad debts in the US soared by more than the City had...
2008-11-10 06:08:00 -
HSBC takes £3bn credit crunch hit - MSN UK News
Banking giant HSBC has warned of economic recession in the US after announcing an extra £3 billion in credit crunch losses. The...
2008-05-12 11:07:00 -
HSBC poised to write off $17bn debts (Guardian Unlimited)
Business & money: Banking giant expected to reveal part of write-off is $11bn of its US mortgage and consumer lending...
2008-03-01 04:26:51 -
HSBC takes another hit, bad debts might jump (Toronto Star)
LONDON–HSBC Holdings PLC, Europe's biggest bank, reported another big hit from exposure to the U.S. mortgage crisis yesterday and warned that bad...
2007-11-15 01:56:31 -
HSBC faces lost data disc probe (Liverpool Echo)
Banking giant HSBC is facing the prospect of an investigation by the City watchdog after admitting it had lost a disc containing...
2008-04-07 02:42:01 -
HSBC profit up as U.S. bad debt charge jumps
Reuters - ... across the group offset a jump in its charge for bad debts in the United States. The trading...
2007-11-14 02:09:00 -
HSBC to reveal new $1bn sub-prime hit
Daily Telegraph - HSBC will this week reveal a further $1bn (£475m) of bad debts stemming from its American mortgage business, amid...
2007-11-10 02:14:00