Tuesday, Dec 05, 2006
HSBC, Lloyds TSB, RBS outlook on bad debts grim
Times Online: A bad combination
Steady costs, slowing revenues and worsening bad debts are an uncomfortable combination for any bank, and so it proved for HSBC in the adverse stockmarket reaction to its pre-close trading update. HSBC is only the second of Britain’s nine banks to provide such an update, but its downbeat tone is likely to find echoes elsewhere.
Posted by paul @ 05:26 PM (184 views) Add Comment
3 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. waitingfor hpc said...
let the pain begin. And long overdue.
2. Retiredbanker said...
What pain?
Gordon Brown tells us that the UK's economy is getting stronger. Who are we to doubt him?.
Large well deserved pay rises for MP's coming up.
3. sirgoogle said...
Naah nothing will trigger the HPC. Prices only ever go up, never down ....... not.
debt, IR raises, unemplyment...... - it is completely immune. Completely amazing the HPC has not come.