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Hardworking arrow News arrow Business arrow Business arrow HSBC shares at 9-month low on bad debt (Reuters)
HSBC shares at 9-month low on bad debt (Reuters)
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An HSBC bank building in south China's Guangdong province, December 11, 2006. HSBC's shares slumped on Thursday after Europe's biggest bank announced its bad debt charge last year would be about $1.8 billion higher than expected as problems grew in its U.S. mortgage lending. (Joe Tan/Reuters)Reuters - HSBC's shares slumped to a 9-month low on Thursday after Europe's biggest bank announced its bad debt charge last year would be about $1.8 billion higher than expected as problems grew in its U.S. mortgage lending.



Read more at: http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/nm/20070208/bs_nm/hsbc_shares_dc.
 
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