(Reuters) - Most of HSBC's reset activity, which increases the chances of defaults by triggering sharply higher monthly mortgage payments, will take place in the second half of the year.
The London-based bank's HSBC Finance Corp. set aside $1.7 billion for loan losses in the first quarter, but that may not be enough, analysts say. HSBC reports interim results for the first half of the year on Monday.
Read more at Reuters.com Business News
The London-based bank's HSBC Finance Corp. set aside $1.7 billion for loan losses in the first quarter, but that may not be enough, analysts say. HSBC reports interim results for the first half of the year on Monday.
Read more at Reuters.com Business News
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