Monday, November 12, 2007

America’s housing crisis is far from over.

HSBC expected to write down an extra $1bn

"HSBC is expected to report another huge writedown, of more than $1 billion (£480 million) by some estimates, on its portfolio of high-risk sub-prime mortgages in the United States, escalating fears that the fallout from America’s housing crisis is far from over."

Posted by peter @ 08:30 AM (495 views)
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