Jump to content
House Price Crash Forum
Sign in to follow this  
Fool's Gold

Hsbc's Problem With Bad Debts In The Us Reared Its Head Again

Recommended Posts

HSBC's problem with bad debts in the US reared its head again as the company reported a steep fall in first-quarter profit at its beleaguered American consumer lending business.

The company said first-quarter profit at HSBC Finance tumbled by 40%, as a result of rising bad debts rising to to $1.7bn from $866m a year earlier. Profits came in at $541m after tax and exceptional items against $888m during the same period in 2006, reports the Independent.

No link but it was taken from Digital Look's pre market report sent to me via email.

Apologies if this is a duplicate post.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 354 The Prime Minister stated that there were three Brexit options available to the UK:

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.