HSBC Expects Fewer Bad U.S. Loans

12 May 2008

HSBC has set aside $3.2 billion for bad U.S. loans, which is less than analysts had predicted as the British bank says there has been a “lull” in stateside delinquencies. Bloomberg analysts had forecast that HSBC, which recorded a +2.7% profit in the first quarter, would suffer losses ...

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