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HSBC Has More to Fix Beyond the Household

HSBC’s prolonged U.S. debt calamity is mostly over, though a finale came during a cost.

The U.K. bank bought Household International, a U.S. subprime debt lender, in 2003. Household was meant to give HSBC not usually a good tide of gain uncorrelated with the European and Asian arms, though also worldly credit comment record that HSBC could use to grow lending to riskier business in rising markets.

Instead,…

Article source: http://www.wsj.com/articles/hsbc-has-more-to-fix-beyond-its-household-1466178871

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