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Hong Kong's $17.7 Billion Question: Help HSBC?

Wall Street Journal Original article ›

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HSBC's acquisition of Household International in 2002 and entry into the subprime business that lent its reputation to subprime lending

03/06/2009

The ensuing disaster with the global financial crisis of 2008 and the damage to HSBC's reputation. The need to raise $18 billion in capital stems from poor decisions and business practices such as this acquisition and entry into subprime lending. RBC, HSBC, Barclays the list goes on and on with British banks taking a big hit and legal settlements costing billions.

Grouped Articles

The Deal That Fueled Subprime

New York Times 03/06/2009

Hong Kong's $17.7 Billion Question: Help HSBC?

Wall Street Journal 03/09/2009

HSBC Hurt by $1.69 Billion in Legal and Other Costs

New York Times 11/03/2014


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