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Turkish Daily  | May 13, 2008

LONDON - Reuters 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 yesterday its bad debt charge related to its U.S. consumer finance business...
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UPDATE 3-HSBC Q1 profit up, Asia boon absorbs bad-debt jump
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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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