Friday, November 7, 2008

HSBC BANK

Canada important bank, HSBC recorded decline 16.6 % decline in operating income during the third quarter of 2008. The major reason of dimnishing income due to decrease in return on equity from 85 countries. The figures shows that equtiy decline to 18.4% from 21.3 %.

Its total assets were $66.9 billion at Sept. 30, up from $63.6 billion a year earlier. But funds under management declined to $24.6 billion from $27.1 billion.


Banks' top management is worried about this loss. They are planning to find out the way to set off this loss in the 4th quarter.



Posted by

Parvinder Dhandwar




2 comments:

Susan said...

When banks are worried, it sounds like that's not a good thing for me. I think I will worry too.

aygun said...

It is right to follow information about banks. There are many banks in Canada now, may be this is the one of the reasons of decrease.
Aygun