Friday, May 16, 2008

HSBC will have to write off US$30b, says hedge fund

BANKING giant HSBC's first-quarter US$3.2 billion sub-prime write-off is hugely inadequate, according to a London hedge fund.

Source: http://business-times.asiaone.com/mnt/html/btpre/registration/redirect.jsp?dlink=/sub/news/story/0,4574,279517,00.html?

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