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Newspaper wrap-up: HSBC's allowance for bad U.S. loans is lower than expected

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MAJOR PAPERS:
WEB SITES:
  • Bloomberg reported that HSBC Holdings Plc (NYSE: HBC) set aside a smaller-than-forecast $3.2B for bad loans in the U.S. The bank also said its Q1 profit was higher than Q107.
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Last updated: July 04, 2009: 05:36 AM

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