Fresh Fears on Consumer Debt in the UK

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00008087-fresh-fears-on-consumer-debt-in-the-uk/

By Heather Connon, The Observer

Banking giant HSBC will this week add to fears that consumers are starting to suffer from their borrowing binge with a downbeat trading report on its UK business. And there is further gloom from the banking sector when Royal Bank of Scotland, HBOS and Lloyds TSB update the City next month.

HSBC’s finance director, Douglas Flint, indicated to US investors in presentations last month that credit quality was more of an issue in the UK than across the Atlantic. But the scale of its overseas business – it is one of the biggest banks in the Asia-Pacific area with operations in continental Europe and the US – means that it is likely to be less gloomy than Barclays was last week.

For this complete story, please visit Fresh fears on consumer debt.

Fresh Fears on Consumer Debt in the UK

Unknown Author

Featured Resources

Webinars

RA Compliance Corner: Managing Your Service Providers- Do you really have it all in order?

About