Bloomberg - HSBC Has Quarterly Loss on Lending Income, Bad-Loan Charges
http://bloom.bg/1OoYcG6
Hsbc starting to bleed from commodity related bad loans. Wonder how other banks will fare?
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stanchart also faring badly ... I read somewhere, its commodity loan is 150% of its book value.
Just in
https://sg.finance.yahoo.com/news/standa...nance.html
Standard Chartered swings to $2.36 bn net loss in 2015
Asia-focused bank Standard Chartered swung to a $2.36 billion net loss in 2015 against a backdrop of global market volatility, restructuring costs and bad loans.
Chairman John Peace described the performance as "poor" in what he called a watershed year, which saw the company announce it would axe 15,000 jobs under new CEO Bill Winters.
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Ha-ha good chance for temasek to buy up cheap cheap when it becomes dirt cheap. They can call the new company temasek charted
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