http://www.money-and-finance.com Money, Business And Finance News Wed, 11 Jan 2012 10:10:12 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 http://www.money-and-finance.com/banks/hsbc-writes-off-13bn/?utm_source=rss&utm_medium=rss&utm_campaign=hsbc-writes-off-13bn http://www.money-and-finance.com/banks/hsbc-writes-off-13bn/#comments Thu, 22 May 2008 20:35:26 +0000 They http://money-and-finance.com/?p=12 Originally Written By Money-And-Finance.Com HSBC, has written off $2.6bn (£1.3bn) because of the ongoing credit crunch. However, the bank has announced that its profits for the first three months of this year exceeded the same period last year, and this appears to be true for all countries where HSBC operates. This is Money quotes Chief executive Michael Geoghegan speaking on the state of the economy in the US. Chief executive Michael Geoghegan warned: ...]]> http://www.money-and-finance.com/banks/hsbc-writes-off-13bn/feed/ 0