Hsbc's Pounds 13bn Begging Bowl

Daily MailMarch 02, 2009

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Summary


INVESTORS will today be asked to hand over a record breaking Pounds 13billion in a share issue to shore up the finances of HSBC, which has been hit by the turmoil on world financial markets.

Britain's largest bank will also reveal up to Pounds 17billion of provisions against bad loans, the result of an abject performance by its financial operation in the U.S.

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Hsbc's Pounds 13bn Begging Bowl

In a second blow t...

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