in lime light today: Foreclosure woes continue
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Monday, May 12, 2008

Foreclosure woes continue

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HSBC today predicted that the US will slide into recession this year as it took $2.6bn (£1.33bn) in fresh credit crunch writedowns and a $3.2bn charge for US customers failing to pay their loans on time.



HSBC takes $3.2bn sub-prime hit


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