Monday, May 12, 2008
Foreclosure woes continue
- Jill Treanor
- guardian.co.uk,
- Monday May 12 2008
- Article history
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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Labels:
banks,
default,
foreclosures,
mortgage
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