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 Britains nine banks to provide such an update, but its downbeat tone is likely to find echoes elsewhere.

Posted by paul @ 05:26 PM (475 views)
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3 Comments

1. waitingfor hpc said...

let the pain begin. And long overdue.

Wednesday, December 6, 2006 09:32AM Report Comment
 

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.

Wednesday, December 6, 2006 11:23AM Report Comment
 

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.

Wednesday, December 6, 2006 06:43PM Report Comment
 

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