Big lenders
Big lenders forced to bank on 'untouchables'
Submitted by loner on 6 April, 2003 - 5:23pm ......The appeal of the consumer - even the most humble one - has grown during the current bear market, which has cut into the returns that banks earn from serving the rich and powerful.
The biggest recent wager has been placed by HSBC, which last month completed its $14bn purchase of Household International, a US consumer lender.
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What did I say then?
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