HSBC braces for $9 billion in mortgage price hikes (Reuters)

CEO of HSBC Finance Corporation Brendan McDonagh listens to questions during the Senate Banking, Housing and Urban Affairs Committee on the mortgage market turmoil, on Capitol Hill in Washington, in this March 22, 2007 file photo. A $9 billion wave of risky mortgages resetting at higher interest rates in the United States could force HSBC Holdings Plc to absorb another big hit to profits as more customers default. (Jim Young/Reuters)Reuters - A $9 billion wave of risky mortgages
resetting at higher interest rates in the United States could
force Europe's biggest bank, HSBC Holdings Plc , to
absorb another big hit to profits as more customers default.

Related Posts

This entry was posted on Thursday, July 26th, 2007 at 9:50 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply

You must be logged in to post a comment.
 

    Projects