Showing posts with label subprime. Show all posts
Showing posts with label subprime. Show all posts

Wednesday, November 26, 2008

HSBC hopes to offset subprime losses with insurance earnings

HSBC Holdings, Europe's biggest bank, is relying on insurance units in Asia to help restore profit growth after a $15.5 billion expansion into US subprime lending went awry.

www.financialweek.com/apps/pbcs.dll/article?AID=/20070914/REG/70914002/1002/rss02&rssfeed=rss02