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    HSBC is cutting back in the U.S. after its 2003 purchase of Household International Inc. required it to set aside more than $65 billion for bad loans

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    • HSBC to report full year earnings in March 2009

    Many people are asking when HSBC is going to report. The answer – the full year 2008 HSBC Holdings plc earnings release will be Mar 2, 2009 at 7:00AM EST. It will be interesting, and plenty can happen between now and then. Just look at RBS (Royal Bank of Scotland) with a drop of 69 percent on Tuesday January 20, 2009. Here is a link to key developments for HSBC ADR. There is nothing exciting there.

    A few layoffs here and there in Taiwan and India will not reduce expenses enough to satisfy investors. HSBC’s liability for some of Benard Madoff’s ponzi scheme was rejected by HSBC as the bank claims no responsibility.

    Posted By Timothy Blake

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    UPDATE NOTE: HSBC car loans were sold to Santander USA in 2010 :: Most HSBC credit cards became Capital One credit cards in 2012 :: HSBC horrible predatory home mortgages are in run-off