The business diversification of HSBC Holdings plc is enabling it to deliver earnings despite the huge hit it’s taking in the US mortgage business, says Fitch Ratings.HSBC announced today that underlying pre-tax profits were flat at US$23 billion in 2007, despite US$17 billion of loan impairment charges largely in HSBC Finance and US$2 billion of […]
Bank is less active in areas of those structured credit markets that have given rise to substantial writedowns
Four investable global climate change subindices created from benchmark
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