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Non-Tech : Hong Kong & Shanghai Banking Corporation -- Ignore unavailable to you. Want to Upgrade?


To: Green Receipt who wrote (5)2/23/1999 3:47:00 PM
From: Paul Berliner  Read Replies (1) | Respond to of 12
 
It already has been trading OTC for years under the ticker HSBHY.
newsalert.com

They just reported 1998 annual results and they were quite horrific,
primarily due to the proliferation of bad loans:

hsbcgroup.com

Anyone considering buying Asian banks like HSBHY or MBK at this time is a very brave investor....

The bank is known on Wall Street as HSBC Holdings. It is a Hong Kong bank but is based in the U.K. because the Brits used to own HK (till summer '97).