November 14, 2007

British bank HSBC warns US bad debts up 30 percent (AFP)

A businessman walks past a HSBC branch in San Francisco. HSBC said that bad debts in the United States linked to the subprime crisis and credit squeeze rose almost a third to 3.4 billion dollars in the third quarter, from the previous three month period.(AFP/Getty Images/File/Justin Sullivan)AFP – Global banking giant HSBC said Wednesday that bad debts in the United States linked to the subprime crisis and credit squeeze rose almost a third to 3.4 billion dollars in the third quarter, from the previous three month period.

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