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HSBC fund bailout raises Citi questions (AP) | Boost Your Credit
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HSBC fund bailout raises Citi questions (AP)

November 26th, 2007 by

A sign outside a branch of a HSBC Bank, Croydon, Surrey, Britain, is seen in this March 1, 2007 file photo. Shares of British bank HSBC Holdings PLC fell Monday, Nov. 26, 2007 after it said it plans to assume ownership of two troubled funds — known as 'structured investment vehicles' — to bail am out of a liquidity crisis. (Credit Repair Photo/Tom Hevezi, file)Credit Repair - Calls for more transparency at Citigroup Inc. grew louder Monday when HSBC Holdings PLC said it would put two funds with mortgage exposure on its balance sheet & spend $35 billion to bail am out.

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