2008-05-13nakedcapitalism.com

"The Times of London reports that activist investor Knight Vinke accused HSBC of failing to mark down its subprime assets (due to its ill-fated 2003 acquisition of Household Financial) adequately, leading to its greatly understating its first quarter losses. Vinke isn't alone in being skeptical of HSBC's latest earnings release. "


Lijit Search

Comments: Be the first to add a comment

add a comment | go to forum thread