Results are in for HSBC, and HSBC Finance - formerly Household International - continues to take a toll. HSBC Finance Corp. took an impairment charge of $7.3 billion for the first half, down from $8.8 billion in the second half of 2008. It took a $6.6 billion charge in the year-ago half. Of the of $7.3 billion first-half charge, the division took a $3.9 billion in the first three months of 2009, it reported at the time.

Still capable of losing billions of dollars, the acquisition of Household International weighs heavily on HSBC. Nevertheless, the charge contributed to a pretax loss of $5.59 billion for the three months to June 30 for the unit, compared with $1.45 billion in the year-ago quarter. The total loss for the first half was $5.09 billion, compared with a loss of $1.19 billion in the first half of 2008.

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