HSBC Earmarks Another $4.3 Bln On Bad U.S. Loans

HSBC says it has set aside another $4.3 billion in the third quarter after reporting that its U.S. unit has declined dramatically because of loan defaults and $4.8 billion write-down on asset-backed securities.

  • 10 Nov 2008
HSBC says it hasset aside another $4.3 billion in the third quarter after reporting that its U.S. unit has declined dramatically because of loan defaults and $4.8 billion write-down on asset-backed securities. HSBC, which so far has lost some $38 billion on bad loans since the beginning ...

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GlobalCapital European securitization league table

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1 BNP Paribas 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

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1 Citi 118,616.77 341 11.09%
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