HSBC Profit Fell 29% in First Six Months

Courtesy NYT > Business  Mon, 08/04/2008 - 06:35

The biggest European bank reported net income of $7.7 billion in the first half of 2008 as loan impairment charges and other credit risk provisions increased 58 percent.


 

Related items

Supervalu 3Q results hurt by impairment charges
Hefty one-time charges led Supervalu Inc. to post a big loss for its fiscal third quarter on Wednesday, but the grocer beat Wall Street estimates when the special items were excluded from the...

Oracle’s Income Falls Slightly in Quarter
The software maker reported a 1 percent drop in net income as the global economic slowdown hurt demand.

HBOS' bad loans charges swell to 5 billion pounds
Shares at HBOS PLC fell over 10 percent in early trading on Friday after the company said the amount of impairment charges it would have to take on bad consumer and corporate loans had...

Olympus VN-5000 Digital Voice Recorder (141985)...
The power to recall every sound A sleek, pocket-sized voice recorder, the VN-5000 is perfect for people who want to record interviews, lectures and conversations. Its intuitive thumb pad...

Jabra A210 Bluetooth Adapter for 2.5 Universal...
The JABRA® Universal Multi-Adapter enables almost anyone with a cell phone to take advantage of the freedom and comfort of a wireless headset or speakerphone. If your cell phone has the...


 

Post new comment

The content of this field is kept private and will not be shown publicly.
CAPTCHA
We apologize for the inconvenience. Please help fight spam.
business.marc8.com