Credit Where It's Due?

"We've got two lives -- one we're given and the other one we make." — Mary Chapin Carpenter

Chart of the Day

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HSBC $$HSBC shares slid 3.1% in U.S. trading yesterday after the bank disclosed a $400 million fraud exposure, linked to its providing financing to Apollo $$APO private credit unit Atlas SP, which in turn held approximately GBP 1 billion (USD $1.35 billion) of debt in the failed British mortgage lender Market Financial Solutions (MFS). HSBC's disclosure comes...

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