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Reuters: HSBC unveils record UK rights issue, slashes 6,100 U.S. jobs

Started by chris, March 02, 2009, 10:59:19 AM

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chris

HSBC unveils record UK rights issue, slashes 6,100 U.S. jobs
      
   
      


LONDON (Reuters) - HSBC launched a 12.5 billion pound ($17.7 billion) rights issue on Monday to shore up its balance sheet after annual profit more than halved and as bad debts soared in the United States.<div class="feedflare">
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