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  • HSBC, Europe's biggest bank, today said that its profits rose in the third quarter despite it taking almost another $5bn (£3.2bn) of writedowns on its US mortgage and credit-card businesses and further credit crunch losses in investment banking. But ...
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  • By MARTIN CRUTSINGER Banks tightened up further on all sorts of lending, from home mortgages to credit cards and business loans, as the worst financial crisis in seven decades took a bigger toll on the economy. The Federal Reserve said Monday that its latest quarterly survey of bank lending practices found high numbers of banks reporting tighter credit standards across a broad range of loan ...
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