Re: Bear Stearns bank...kaput. taken over by rival bank JPMorgan

On Mar 18, 8:27=A0am, kingkong <hah...@[EMAIL PROTECTED]
> wrote:
>
> The banks worth investing are those with substantial banking and wealth
> management investment in Asia.

Yes. Most Asian banks do not expose themselves
like the finance houses in the USA...Asian banks have
to comply with strictbanking rules on minimum reserve
ratios.

However, HSBC is regarded as an Asian bank (not
so in reality, except its name. It has in fact relocated
to UK).

According to BBC, HSBC suffered a colossal loss
(US$17.2 billions) in bad credit by the operations
in the USA...

HSBC re****ted a rise in profit in the previous year..
but this year...when  re****t on their US operations
is due, like Bear Sterns, it will have to face the music.

It is best...not to touch HSBC shares or sell them
before the storm hit them.

http://news.bbc.co.uk/2/hi/business/7274385.stm
"HSBC has said it has suffered a $17.2bn (=A38.7bn) loss
after the decline in the US housing market hit the
value of its loans. "