woes for banks to continue


	woes for banks to continue

narain_47

5-12-2008 11:18 AM

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tags:

foreclosure, banks

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/9ace574f-a079-4704-bdba-3935fbd9e842/626FB70F-FE04-49E4-BA14-A2FB327CBB00/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.guardian.co.uk/business/2008/may/12/hsbcholdingsbusiness.creditcrunch" href="http://www.guardian.co.uk/business/2008/may/12/hsbcholdingsbusiness.creditcrunch" style="font-size: 11px;">www.guardian.co.uk</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.guardian.co.uk/business/2008/may/12/hsbcholdingsbusiness.creditcrunch"><UL compact="false" fire="function() {
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}"><LI value="0"><A href="http://www.guardian.co.uk/profile/jilltreanor" name="&lid={articleByline}{Jill Treanor}&lpos={articleByline}{1}">Jill Treanor</A> </LI><LI value="0"><A href="http://www.guardian.co.uk/" name="&lid={articleByline}{guardian.co.uk}&lpos={articleByline}{2}">guardian.co.uk</A>, </LI><LI value="0">Monday May 12 2008 </LI><LI value="0"><A id="historylink-byline">Article history</A></LI></UL></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.guardian.co.uk/business/2008/may/12/hsbcholdingsbusiness.creditcrunch"><P>HSBC today predicted that the US will slide into recession this year as it took $2.6bn (£1.33bn) in fresh credit crunch writedowns and a $3.2bn charge for US customers failing to pay their loans on time.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.guardian.co.uk/business/2008/may/12/hsbcholdingsbusiness.creditcrunch"><H1>HSBC takes $3.2bn sub-prime hit</H1></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/626FB70F-FE04-49E4-BA14-A2FB327CBB00/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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