We saw this on September 16th: “Investment banks must move quickly to strengthen their balance sheets and address their lack of funding if they are to come out of the current financial crisis unscathed, a senior banker at HSBC has warned.” A warning from HSBC? Acting like a global authority HSBC fails […]
HSBC PLC leads the list of top losers so far today and is now at $76.87, down $2.44 (-3.08%) on volume of 1,013,233 shares traded. Part of the problem for HSBC comes from the IMF, which said subprime issues will continue and may actually get worse. HSBC became of of the leading subprime […]
In a news article from late last week titled “Business big shot: Michael Geoghegan” we see the power of algorithms and content matching. Although I do not know what the article was really trying to prove, the Times Online also suggests other relative articles. One related article is titled “HSBC profit falls […]
Barclays warned yesterday of falling profits in its credit card division due to customers missing repayments and increasing bad debts. The news, from the country’s biggest credit card lender, confirmed fears of a severe downturn in consumer confidence and left banking shares among the biggest losers of the day.
“This comes at a time […]
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