US crisis loads HSBC

The crisis in the US mortgage market left clear traces in the half yearly result of the British HSBC. In the US business the profit broke in around 43% on 1,8 billion $, while the writings-off jumped on putrid credits altogether around 63% or 2,46 billion $ to 6,35 billion $. Under the line however their large geographical span with agencies in altogether 82 countries benefitted the bank. Very strong growth in Asia and good results with the business customers compensated the break-down in the United States. After an extraordinary profit of approximately 1 billion $ from the sales of shares to the Chinese partner HSBC and a tax rate of 18,7%, sunk again, the profit rose before taxes company-wide around 13% to 14,15 billion $. Without the flattering special effect from China a plus of 5% would have resulted. At the stock market the result was taken up positively. The HSBC titles rose in a market held around 1,36%.