(Reuters) - HSBC's impairments were $3.89 billion in the first half after it wrote off $10.6 billion in 2006, largely due to cover bad loans made to U.S. home owners.
The rest of the year is likely to remain tough, Flint said, however, due to an expected rise in the number of homeowners on 2-year fixed rate mortgages adjusting to higher rates.
Read more at Reuters.com Market News
The rest of the year is likely to remain tough, Flint said, however, due to an expected rise in the number of homeowners on 2-year fixed rate mortgages adjusting to higher rates.
Read more at Reuters.com Market News
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