HSBC reveals more writedowns from its American sub-prime business.

十一月 11, 2007 at 01:09 | 張貼於Economy, Finance | 發表留言
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Published: 11 November 2007

 

 

 

The embattled UK banking sector is likely to be dealt another blow this week when HSBC reveals more writedowns from its American sub-prime business.

Mark Durling, analyst at stockbroker Brewin Dolphin, said: “People shouldn’t get too spooked by the sub-prime numbers. Any increased provisions are likely to be offset by strong growth in other parts of the business, in particular, Latin America. We still think their growth targets are achievable."

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