Hughes of Baring Says HSBC, Other Bank Stocks to 'Underperform'
- 00:06:37
- Bloomberg
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Hughes of Baring Says HSBC, Other Bank Stocks to 'Underperform'
Michael Hughes, who helps manage $40 billion as chief investment officer at Baring Asset Management, talks with Bloomberg's Nigel Stevenson from London about the earnings of HSBC Holdings Plc and ABN Amro Holding NV and his stock investment strategy. HSBC, Europe's biggest bank, said it's setting aside 20 percent more than analysts estimated for loan losses in 2006 because the company's U.S mortgage business is deteriorating. (Source: Bloomberg)
Bloomberg | February 8, 2007
