HSBC, the UK’s largest bank, has announced it is to write-down a further $2.6 billion (£1.3 billion) in addition to the $12.2 billion of write-downs last year. However, profit in the first three months of 2008 exceeded that of a year ago, as growth in Asia helped counter some $5 billion in hits from bad [...]
HSBC, the UK’s largest bank, has announced it is to write-down a further $2.6 billion (£1.3 billion) in addition to the $12.2 billion of write-downs last year. However, profit in the first three months of 2008 exceeded that of a year ago, as growth in Asia helped counter some $5 billion in hits from bad [...]
Some have said that these are consevative figures too. Still far better than most due to their core Asian markets
HSBC reveals further write-downs
