(AFX UK Focus) 2008-11-07 10:40 PREVIEW-HSBC faces hit on Q3 US bad loans, Asia slowdown (Interactive Investor)

May 5th, 2009 | by DebtFree.net |

LONDON, Nov 7 (Reuters) – Europe’s biggest bank HSBC Holdings is set to next week report another hit of near $4 billion on bad U.S. loans and may signal a slowdown in Asian growth as the credit crisis bites. HSBC is expected to say on Monday its U.S. impairments continued to rise due to losses on bad mortgages as the book is being run down and unsecured losses pick up as unemployment rises, …
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