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HSBC says Q1 profit up, bad debts double 2007
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China Post
- 5/13/2008
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LONDON -- Europe's biggest bank HSBC Holdings said its profit in the first quarter was ahead of a year earlier as growth in Asia and elsewhere helped counter another big hit for bad debts on U.S. home loans. HSBC said on Monday its bad debt charge related to its U.S. consumer finance business was US
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HSBC Q1 profit up, Asia absorbs bad-debt
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The Age
- 5/13/2008
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Europe's biggest bank, HSBC Holdings, said its profit in the first quarter beat a year ago as growth in Asia helped counter some $US5 billion ($A5.28 billion) in hits from bad debts on US home loans and asset writedowns. HSBC said it was increasingly likely the United States economy will go into rec
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HSBC profit up, bad loans less than expected
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Financial Review
- 5/13/2008
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For HSBC, Asia Offsets Bad U.S. Loans
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Marshall News Messenger
- 5/12/2008
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ONDON HSBC Holdings, Europes biggest bank, said on Monday that profit in the first quarter rose as its Asian business more than offset declining earnings in the United s. The bank put aside $3.2 billion for bad loans in the United States in the first quarter, in line with its expectations, and said
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HSBC Says Q1 Profit up, Bad Debts Jump
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ABC News
- 5/12/2008
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LONDON (Reuters) - Europe's biggest bank HSBC Holdings said its profit in the first quarter was ahead of a year ago as growth in Asia helped counter over $5 billion in hits from bad debts on U.S. home loans and asset writedowns. HSBC said it was increasingly likely the United States economy will go
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HSBC profit up, Asia boon absorbs bad-debt jump
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Reuters UK
- 5/12/2008
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By Steve Slater and Clara Ferreira-Marques LONDON (Reuters) - Europe's biggest bank, HSBC Holdings, said its profit in the first quarter beat a year ago as growth in Asia helped counter some $5 billion in hits from bad debts on U.S. home loans and asset writedowns. HSBC said it was increasingly like
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UPDATE 3-HSBC Q1 profit up, Asia boon absorbs bad-debt jump
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Reuters UK
- 5/12/2008
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details from CEO, analysts) LONDON, May 12 (Reuters) - Europe's biggest bank, HSBC Holdings (HSBA.L: Quote, Profile , Research), said its profit in the first quarter beat a year ago as growth in Asia helped counter some $5 billion in hits from bad debts on U.S. home loans and asset writedowns. HSBC
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HSBC profit up but bad-debts jump
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Reuters UK
- 5/12/2008
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LONDON (Reuters) - Europe's biggest bank, HSBC Holdings, said its profit in the first quarter beat a year ago as growth in Asia helped counter some $5 billion (2.6 million pounds) in hits from bad debts on U.S. home loans and asset writedowns. HSBC said it was increasingly likely the United States e
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HSBC profit up, bad debts rise
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Digital Look
- 5/12/2008
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LONDON (ShareCast) - A strong performance in Asia has helped HSBC report first-quarter profits ahead of last year's, despite a further $2.6bn in credit crunch-related write-downs and a $3.2bn impairment charge. However, the multi-national banking group said the outlook for the rest of the year remai
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HSBC takes another bad debt hit
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The Age
- 5/12/2008
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Europe's biggest bank HSBC Holdings said its profit in the first quarter was ahead of a year earlier as growth in Asia and elsewhere helped counter another big hit for bad debts on US home loans. HSBC said today it was increasingly likely the United States economy will go into recession this year. I
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