Carrick MollenKamp of the Wall Street Journal follows HSBC closely. His recent article “HSBC a canary in US mortgage mine” appeared on 12 November. It is interesting to note that HSBC helped to start the entire worldwide credit crisis. “…HSBC said souring sub-prime-mortgage loans had forced the bank to add nearly $US2 […]
In excerpts from an Australian article by By Peter Weekes, dated February 24, 2005, we learn GE Money, the consumer division of the world’s largest company, fired the first shot a fortnight ago. Yesterday HSBC, one of the world’s largest banks but a minnow in Australia, stepped up to the plate by slashing its existing […]
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An open letter to HSBC, Knight Vinke and Stephen Green
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