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Reuters: HSBC looks to raise $18 billion

Started by dave, February 28, 2009, 11:59:09 PM

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dave

HSBC looks to raise $18 billion
      
   
      


NEW YORK (Reuters) - British banking giant HSBC will try to raise $18 billion to quell investor concerns as a worsening global economy punished famed investor Warren Buffet's Berkshire Hathaway with a 96 percent plunge in profits.<div class="feedflare">
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