Back to Search
Start Over
Subprime bellwether HSBC takes a $3.4 billion charge
- Source :
- Wall Street Journal. Europe. Nov 15, 2007, C2
- Publication Year :
- 2007
-
Abstract
- UK financial services firm HSBC Holdings PLC announced a third-quarter impairment charge of $3.4 bil on bad debts, but stated that global revenue growth offset the charge. HSBC has raised its reserves against current subprime mortgage problems from $2.6 bil to $3.4 bil.
- Subjects :
- HSBC Holdings PLC -- Company sales and earnings
HSBC Holdings PLC -- Finance
Financial services industry -- Company sales and earnings
Financial services industry -- Finance
Subprime loans -- International aspects
Subprime loans -- Influence
Subprime loans -- Economic aspects
Financial services industry
Company earnings/profit
Company financing
Banking, finance and accounting industries
Business
Business, international
Subjects
Details
- Language :
- English
- ISSN :
- 09219986
- Database :
- Gale General OneFile
- Journal :
- Wall Street Journal. Europe
- Publication Type :
- News
- Accession number :
- edsgcl.171396594