Monday, March 3, 2008

HSBC writes off £8.7bn but still makes £12.2bn profit!

HSBC in $17bn credit crisis loss

HSBC, the UK's largest bank, has said it has made a $17.2bn (£8.7bn) loss on investments linked to the credit crisis, higher than expected. But its annual profits still rose 10% to $24.2bn (£12.2bn), up from $22.08bn the year before.

Posted by webmaster @ 08:01 AM (458 views)
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One thought on “HSBC writes off £8.7bn but still makes £12.2bn profit!

  • Looking at the BBC’s “most read” stories, I think I see what you did there.

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