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  1. HSBC mulls US acquisitions amid subprime mortgage woes

    Posted Apr 02nd 2008, 12:00am by Staff Reporter

    ... Maria Chan HSBC Holdings, the global lender haunted by US subprime mortgage woes, has indicated that it has no plans to pull out of the US market and may even make acquisitions there. ... measures to address the US subprime problem, including business restructuring, tightened mortgage underwriting criteria, and reduced assets through sales and write-downs. He said that the mortgage ...

  2. HSBC accused of undervaluing subprime mortgage bonds

    Posted Oct 20th 2007, 12:00am by Staff Reporter

    ... HSBC Holdings is being sued by a US real estate fund for allegedly deliberately undervaluing the market price of several subprime mortgage bonds, the Wall Street Journal reported ... office placed an improperly low valuation on nine subprime mortgage bonds, which were being sold by the fund's subsidiaries in return for loans. Pierre Goad, an HSBC spokesman in London, ...

  3. Helicopter cure for subprime crisis carries moral hazard

    Posted Mar 14th 2008, 12:00am by Jake Van Der Kamp

    ... by government agencies and banks. This, he hopes, will help restore some confidence in residential mortgage securities in the wake of the subprime mortgage crisis and thus, he hopes, forestall the need ... in Texas. You must have asked yourself by now whether the people who approved subprime mortgages, knowing with reasonable certainty that these obligations would eventually prove too great a burden ...

  4. Hazards in Bush's subprime bailout

    Posted Dec 08th 2007, 12:00am by Staff Reporter

    ... America's subprime mortgage crisis has led to a squeeze in global credit markets as losses on securities backed by these mortgages spread and mount. Economists have warned ... package argue that the adverse consequences of not bailing out US subprime mortgage borrowers outweigh those of allowing a financial meltdown to take its course. That might be the case. ...

  5. Will the US mortgage crisis engulf Asia?

    Posted Mar 25th 2007, 12:00am by Staff Reporter

    ... on March 14. Now, some analysts, like Morgan Stanley chief economist Stephen Roach, are comparing the sub-prime mortgage market to past bubbles- from savings-and-loans in the 1980s to dotcom ... when he warned of the possibility of a coming recession. Sub-prime lenders sell mortgages to borrowers with poor credit, charging interest rates as much as 4 or 5 percentage points higher than ...

  6. HSBC hopes subprime bug will not spread

    Posted Aug 01st 2007, 12:00am by Staff Reporter

    ... to other sectors was limited at the moment. Chairman Stephen Green said it was hard to tell whether loan delinquencies at the bank's US subprime mortgages business would stabilise ... ago, mainly due to its US subprime mortgage troubles. North America accounted for 60 per cent of the provision. Analysts are concerned the bank's subprime problem will escalate despite ...

  7. Banks under subprime cloud

    Posted Mar 10th 2008, 12:00am by Staff Reporter

    ... billion enough to cover loan losses, mainly in last year's subprime mortgage portfolio of HSBC Holdings, Hong Kong's homegrown global lender? Can financial institutions outside ... participated in subprime mortgage financing. In the middle of last month, Bank of East Asia, the first among Hong Kong banks and blue chips to announce results, said it made a total write-down ...

  8. BOC sets aside US$322m more for subprime losses

    Posted Oct 31st 2007, 12:00am by Staff Reporter

    ... subprime mortgages market, the group will closely monitor the future developments of the market,' its statement said. Meanwhile, BOC also set aside US$321 million directly ... million against possible losses on its United States subprime-backed assets. The country's second-largest lender yesterday revealed in a statement that it held in the third quarter US$7.95 ...

  9. Subprime fallout may stretch to US$200b

    Posted Nov 06th 2007, 12:00am by Staff Reporter

    ... mortgages were linked to borrowers' collateral in some structured products, the collapse of the subprime market could cause liquidations and thus create losses. As an indirect result, some ... affected. Frances Cheung, an economist at Standard Chartered, agreed that the worst of the subprime mortgage crisis was not yet over but said it was hard to quantify the losses that the subprime ...

  10. S&P raises write-down estimate but says end in sight for subprime crisis

    Posted Mar 15th 2008, 12:00am by Staff Reporter

    ... Bloomberg in New York Standard & Poor's, the ratings company criticised for missing the beginning of the mortgage collapse, now says the end of subprime write-downs is in sight. Write-downs from subprime-tied securities would probably rise to US$285 billion, or US$20 billion more than the agency forecast two months ago, S&P said on Thursday. More than US$150 billion had ...




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