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 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 2,007 6 16.61
2 Goldman Sachs 1,798 4 14.88
3 BNP Paribas 1,434 4 11.87
4 Barclays 1,097 2 9.08
5 Morgan Stanley 1,094 2 9.06

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 20,913.87 69 10.85%
2 JPMorgan 19,191.71 52 9.96%
3 Bank of America Merrill Lynch 18,245.19 58 9.47%
4 Wells Fargo Securities 16,837.21 50 8.74%
5 Barclays 13,965.64 46 7.25%