Markjbloggs
Registered User
- Messages
- 384
What's interesting is how HSBC found it needed to write off $10 billion all in one go. I'd have thought that either they would have had some inkling about it before last year or alternatively, the amount that could not be recovered would be spread over two or three years due to chasing people who failed to pay their mortgages, evicting them then selling the properties at a loss.
Anyone got any idea of the detail of this..
What signs?but there are signs of problems in that area and some of the more bullish lending institutions in ireland could have major problems.
I haven't seen any financial institution (excluding stockbrokers!) collapsing in Ireland in a long time. Do you know that bad debts are rising?high levels of bad debts and in some cases collapse of lending institutions.
Suffering in what way? Is this problem public knowledge that you can post to published links on it?I do know for a fact of 2 financial institutions who are suffering because of an agressive lending policy
But it seems to me that you were talking about signs suggesting the following:
some of the more bullish lending institutions in ireland could have major problems.
My thought is that the next step for Ireland will be a tightening of lending criteria so it'll get harder to get a loan.
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