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To: John Hunt who wrote (16106)8/3/1998 1:21:00 PM
From: Simon  Respond to of 18056
 
Number's Don't Lie? The Government's Do>>>

Figures don't lie, but liars figure!

Right CENDANT



To: John Hunt who wrote (16106)8/3/1998 7:24:00 PM
From: John Hunt  Read Replies (1) | Respond to of 18056
 
HSBC sets aside HK$8.9b over fears of bad debt

scmp.com

<< HSBC Holdings, which owns Hongkong Bank and Britain's Midland Bank, yesterday revealed a huge increase in provisions for bad and doubtful debts.

As Asia entered the 14th month of economic crisis, the group raised its bad debt charge to US$1.15 billion (HK$8.89 billion) - a 346 per cent rise on the first six months of last year. >>