Financial Services
May 12, 2008
First Take: Why HSBC didn't say "the worst is behind us'
“The outlook for the rest of the year remains unusually difficult to foresee in the current environment”
HSBC Holdings did not say "the worst is behind us." But after $3.2 billion in loan impairments from the U.S consumer finance business, and a $2.6 billion write-off from its admittedly second-tier investment ... via MarketWatch
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