Foreclosure woes continue

clipped from http://www.guardian.co.uk/business/2008/may/12/hsbcholdingsbusiness.creditcrunch

• Jill Treanor
• guardian.co.uk,
• Monday May 12 2008
• Article history

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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.

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HSBC takes $3.2bn sub-prime hit

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