HSBC has a tendency to ignore financial problems in the UK and US while claiming profits from developing nations. The practice, however, seems to be a fine balancing act for HSBC as problems worsen around the world.
HSBC Holdings Plc and Bank of China Ltd., the two biggest home lenders in Hong Kong, raised their mortgage rates to maintain profitability, adding to pressure on property prices. HSBC, the bank with the most branches in Hong Kong, will charge 1.5 percentage point below its so-called best rate for mortgages above HK$1.5 million ($194,000), spokeswoman Louisa Leung said.
How long can profits offset losses in the US and UK? How much more can investors and management withstand?
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