Bloomberg: HSBC Has Quarterly Loss on Lending Income, Bad-Loan Charges

[BlueKelah]

Bloomberg - HSBC Has Quarterly Loss on Lending Income, Bad-Loan Charges http://bloom.bg/1OoYcG6

Hsbc starting to bleed from commodity related bad loans. Wonder how other banks will fare?


Sent from my MotoG3 using Tapatalk

[fundamentalman]

stanchart also faring badly ... I read somewhere, its commodity loan is 150% of its book value.

[BlueKelah]

Just in

https://sg.finance.yahoo.com/news/standa...nance.html
Standard Chartered swings to $2.36 bn net loss in 2015

Asia-focused bank Standard Chartered swung to a $2.36 billion net loss in 2015 against a backdrop of global market volatility, restructuring costs and bad loans.

Chairman John Peace described the performance as "poor" in what he called a watershed year, which saw the company announce it would axe 15,000 jobs under new CEO Bill Winters.

---------------------------------------------------------------------------------------------
Ha-ha good chance for temasek to buy up cheap cheap when it becomes dirt cheap. They can call the new company temasek charted

Sent from my MotoG3 using Tapatalk