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HSBC Holdings Plc fell by the most since the Sept. 11 terrorist attacks on concern that a possible U.S. economic recession may hurt demand for loans and financial services. HSBC has fallen 21 percent this year as shares of financial services companies plunged worldwide on concern that more losses related to the U.S. subprime mortgage crisis could slow global economic growth.
Stocks fell sharply worldwide Monday (January 21) following declines on Wall Street last week amid investor pessimism over the U.S. government’s stimulus plan to prevent a recession.
This article, HSBC Holdings Plc falls 21 percent, is just one of our articles from our Bank Horror Stories, HSBC Secrets Part 3
Bank Horror Stories monitors banking problems and customer complaints and has done so since 1999. Writers hold no stock positions. Some material is used under the fair use copyright act.
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