Tuesday, Dec 05, 2006

HSBC Revenue Gains Slow as U.S., U.K. Bad Loans Rise

bloomberg: HSBC Revenue Gains Slow as U.S., U.K. Bad Loans Rise

HSBC Holdings Plc, the world's third- biggest bank by market value, said revenue growth slowed in the third quarter as bad loans rose in the U.S. and the U.K.

In the U.S., where the bank gets the biggest share of pretax profit, loan delinquencies and impairments increased from the first half of the year due to more bankruptcies and a weaker housing market, London-based HSBC said in a statement today. Trading revenue in the investment bank also declined.

Posted by sam @ 12:05 PM (418 views)
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