The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Les H who wrote (72965)	3/4/2007 5:08:37 PM
From: Qualified Opinion	Read Replies (2) of 306849

HSBC reportedly to write off $11 billion on U.S. mortgages By Steve Goldstein Last Update: 5:44 AM ET Mar 4, 2007 LONDON (MarketWatch) -- HSBC Holdings (HBC : HSBC Hldgs Plc will take a charge of $11 billion to cover the bad debts seen by its acquired Household division in the U.S., according to reports from the Sunday Times and Sunday Telegraph newspapers. HSBC reports its annual results on Monday. The bank recently issued its first profit warning over mounting bad debts in the U.S. Link: marketwatch.com

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