InfoAnda - HSBC profits rise despite rising US bad debts

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Food prices triggering global unrest: UN | 5 February 2011
Iran to hear appeal soon for jailed US reporter | 5 May 2009
Tokyo Game Show to highlight rise of social games | | 12 September 2011

Apple bringing mobile ad network to Europe | 19 November 2010

">Forum Views () ">Forum Replies ()

Read more with google mobile : HSBC profits rise despite rising US bad debts

Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Secondary Navigation Singapore Asia Pacific World Search Search: HSBC profits rise despite rising US bad debts AFP - 1 hour 45 minutes ago LONDON (AFP) - - Global banking giant HSBC said on Monday that its pre-tax profits had risen in the third-quarter despite loan write-offs in the United States rising to 2.73 million pounds. "Our results reinforce the importance of maintaining focus on HSBC's core strengths of sound liquidity, capital strength, cost discipline and relationship banking built on harnessing the global capabilities of the group," HSBC chief executive Michael Geoghegan said in comments accompanying the British bank's trading update. "These are times which underscore more strongly than ever the importance of delivering value to our customers as the industry adapts to slower growth and a changing regulatory environment." HSBC said that loan impairment charges in the United States rose by 443 million pounds from the second quarter. Amid "unprecedented turbulence" in financial markets, the bank also noted that write-downs on credit trading positions in the third quarter stood at 380 million pounds, lower than in the second quarter. HSBC said that its pre-tax profit for the third quarter was ahead of the equivalent period in 2007. However pre-tax profits fell over the first nine months of 2008. "Continuing uncertainties lie within the financial system itself as it is still unclear whether there are further risk concentrations to be uncovered within the sector as the system de-leverages and economies slow," added the banking group. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Business Dish Network 3rd-quarter profit slides 54 percentAP - 1 hour 1 minute ago Tax wrangles threaten Cameroon mine - SundanceReuters - 1 hour 1 minute ago Chile peso up as China plan boosts global boursesReuters - 1 hour 4 minutes ago Latvian inflation falls as economy suffersAP - 1 hour 6 minutes ago France wants emerging market nations to join G-7AP - 1 hour 7 minutes ago Enlarge Photo HSBC profits rise despite rising US bad debts Related Photos Slideshow Full Photo Coverage: Business & Economy Most Popular – Business Viewed G20 pledges 'all necessary steps' to restore stability In Obama's victory, Americans see legacy of Lincoln Documents expose Prince William RAF training row: report AIDS vaccines: New hope for problem-plagued path Porsche hits record results on the back of VW shares View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology

Other News on Monday, 10 November 2008
Netanyahu: Peace talks will continue if elected
Iran: Talks show US-backed peace process' failure
US authorities announce restructuring of aid to AIG
Nkunda warns Africa not to send troops against him | International |
Mugabe says to form Zimbabwe unity government soon | International |
South Africa mourns singer Makeba, 'mother' of the nation
EU moves closer to restart of EU-Russia talks | International |
Exiled Thaksin seeks new base to fight enemies | International |
Sri Lanka rejects latest Tiger truce offer | International |
Jerusalem mayoral race highlights religious rifts | International |
Woman believed abducted by North Korea alive: brother | International |
France wants emerging market nations to join G-7
HSBC profits rise despite rising US bad debts
Hong Kong stocks rise on China stimulus plan
Taiwan loosens payment conditions to help DRAM makers
Oil prices rally on China stimulus package
YouTube to post full-length MGM films | Technology |
China stimulus plan fuels hope for new investment
MP3 player headphones may hinder pacemakers | Technology |
Oil prices rally on China stimulus package
Taiwan dollar ends flat after interest rate cut
World oil prices more than two dollars higher
Pakistan c.bank suspends exchange company licence
Google CEO on Obama tech czar job: No thanks | Technology |
China completes aircraft makers' merger: report
Glenn Close honored for work in Hollywood | Entertainment |
Israel must give up land for peace: Olmert
Bombings kill 31 in Baghdad during morning commute
Baghdad triple bomb kills 28; teenage girl strikes | International |
Ubisoft buys Massive Entertainment videogame studio
2,000-year-old gold earring found in Jerusalem
US expands record bailout of insurance giant AIG
Gaza's power plant halted as Israel blocks fuel
U.S. urges Russia to talk again over missile shield | International |
Israel resuming fuel shipments to Gaza
Turkish military shells northern Iraq: guard | International |
Baghdad market blasts kill 28 in deadliest recent attack
Mexico names criminal lawyer new interior minister | International |
U.S. judge dismisses case over Egypt hotel bombing | International |
Baghdad starts paying anti-Qaeda militias
Olmert says time running out for two-state solution | International |
Holocaust survivors ask freeze on Pius XII sainthood | International |
Canada denies any Taliban exchanged for journalist | International |
US unveils Mexican consulate in busiest visa city
Nigeria militants threaten new oil war if attacked | International |
S.Korea won down 2.4 pct; econ worries drag
Dell quells rumors about new music player | Technology |
Japan's current account surplus down in September
Seoul shares open lower led by tech exporters
Microsoft strikes Web search deal with Sun | Technology |
Obama arrives at White House for first visit as president-elect
China stimulus plan fuels hopes for global growth
Iraqi spokesman says US security offer not enough
DTV ad gets mileage in race car crash: FCC chief | Technology |
Hulu, YouTube, iTunes take a walk on Sesame Street | Technology |
Global stocks get boost from Chinese stimulus package
Texting while driving is bad, doctors agree | Technology |
Ecuador to ask OPEC for exception to cutbacks
China stimulus plan fuels hopes for new investment
Pakistan's Oct trade gap narrows to $1.94 bln
Highfield leaves Kangaroo for Microsoft | Technology |
Pakistan rates to rise under any IMF deal-govt source
Virgin Mobile swings to profit, helped by Helio | Technology |
Britney Spears son hospitalized for food reaction | Entertainment |
Actress Sienna Miller wins privacy damages | Entertainment |
Superheroes will battle for People's Choice honors | Entertainment |
Danny Boyle shakes routine on Slumdog Millionaire | Entertainment |
Movie of human Ataturk stirs emotions in Turkey | Entertainment |
Hulu, YouTube, iTunes take a walk on Sesame Street | Entertainment |
Father: Cal State student bailed out of Iran jail
Britney Spears's son hospitalized: statement
Kim Jong-il had possible 2nd stroke: reports | International |
Intel dives into medical market with home health monitors
Swiss fear more pressure on bank secrecy after Obama victory
UN warns of possible violence in Iraq elections
Australian PM faces censure over Bush G20 call | International |
Obama, Bush discuss world of challenges
China police chief arrests 48 relatives | International |
China jails security officers for fatal beating | International |
Thousands flock to see Nepal's mystery Buddha boy | International |
Big global investors urge action on climate change
Chavez says consul in Houston stripped of post
Cell phone shopping makes wallets redundant in Japan | Technology |
US military deaths in Iraq war at 4,193
Financial crisis closes in on GM
Seoul shares fall 2 pct; tech firms and banks drop
Korea Hot Stocks- Hanjin Shipping falls on weak Q3 results
GM Daewoo mulls temporary shutdown amid sales slump
Global crisis hits over 1,300 south China firms: report
NZ dlr off lows, risk appetite dominates; debt firm
Obama daughters asked to appear on Hannah Montana | Entertainment |
Macau's chief executive expected to bid to boost economy
S.Korean won down on recession fears, trims losses
A Raisinet recession at movie theaters | Entertainment |
Britney Spears son released from hospital: report | Entertainment |
Six months after deadly China quake, jobs are key to recovery
Nepal eyes tourism boom in midst of peace and democracy
14 cartoons seek 3 Oscar berths | Entertainment |
Fewer jokes in Obama White House? Comedians wonder | Entertainment |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01