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HSBC to try to raise $18 billion

March 1, 2009 – 2:38 am – No Comment

With all the problems facing the world, including President Obama trying to pass a $3.5 trillion budget through Congress, banks like HSBC have found themselves in the middle.
HSBC is now trying to raise $18 billiion in funding to stay afloat through these hard financial times.
In …

HSBC is feeling the sting of the American mortgage crisis also.

August 4, 2008 – 7:59 pm – No Comment

European bank HSBC reported a 29% drop in first half profits. In the same half in 2007, HSBC posted a $10.9 billion profit, while in the same half this year they posted a $7.7 billion profit.
HSBC holds Household International Inc. partially responsible for the …