news bulletin – answers

HSBC roars back

true/false

1. The HSBC rights issue began trading on Monday. T
2. HSBC is the U.S.’s top lender. F: Europe’s biggest lender
3. Take-up of the rights issues has been slow. F: strong
4. Rights trading at HSBC will cease at the end of March. T
5. HSBC has earned US$9.3 billion this year. F: last year
6. Its performance in the U.S. has been troublesome for a while. T: (straining for years)
7. HSBC is in a better position in the current crisis relative to other banks. T: (safe haven)
8. The rights issue will protect it further. T
9. Trading in February exceeded market expectations. F: it was in line with market expectations
10. The bank got off to a slow start at the beginning of 2009. F: it had a strong start to the year