HSBC Disappoints on Profit and Warns on Bad Loans

HSBC Disappoints on Profit and Warns on Bad Loans – HSBC, the biggest British bank, reported earnings for last year that fell short of expectations. The bank said its profit for 2009 rose 1.9 percent to $5.8 billion, from $5.7 billion a year earlier. The median estimate of 12 analysts surveyed by Bloomberg was for $7.76 billion – The NY Times

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