HSBC reports $3.4bn subprime writedown
HSBC reports $3.4bn subprime writedown
HSBC helped calm nerves in the banking sector after the UK-based bank reported a $3.4bn charge related to the US mortgage market, which was higher than expected, but was offset by higher profits from elsewhere in the group
Source: www.ft.com
About Pete Southern
Pete Southern is an active trader, chartist and writer for market blogs. He is currently technical analysis contributor and admin at this here blog.
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