HSBC fears stock markets have not factored in credit crunch
HSBC fears stock markets have not factored in credit crunch
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HSBC has warned that markets were underestimating the effects of the credit crunch on the wider economy as the bank wrote down $3.4bn (£1.7bn) at its US consumer finance business for the third quarter. |
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News entry number 3434 added on Nov 15, 2007 in the Business News category.
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