Sunday, December 7, 2008

HSBC creates $5 billion fund for businesses

HSBC Holdings has created a $5 billion global working capital fund for small and medium-sized businesses to help them weather the credit crisis, the bank said on Sunday.

One billion pounds ($1.47 billion) of the fund has been earmarked for customers in the United Kingdom, HSBC, Europe's biggest bank, added in a statement. Businesses in Hong Kong would also be targeted in the first phase of operations...

Read more SBC creates $5 billion fund


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