HSBC Q3 2007 from Bloomberg

Europe's biggest bank by market value writedown --The bank posted $925 million in third-quarter writedowns oncredit-related trades including securities backed by U.S.subprime mortgages. The bank also has $2 billion in subprimeresidential mortgages still to be securitized it said. reserve --HSBC set aside $3.4 billion in the quarter tocover U.S. defaults, $1.4 billion more than it forecast in July. revenue seg --NA account for 17% pretax profit, bad load represent 60% --29% profit fom Europe, 48% from Asia HSBC Finance Corp --HSBC Finance Corp., the bank's Prospect Heights, Illinois-based subprime consumer banking unit, said third-quarter baddebts more than doubled to $3.2 billion from $1.38 billion. The unit posted a third-quarter loss of $1.3 billion, morethan double the $492 million loss estimated by London-based analysts. market comments: --est $4 bil writedown for the second half of 2007