Bank takes another hit

<br/>Provided by 7DAYS.ae<br/><br/>Global bank HSBC yesterday said that first-quarter profits climbed, despite writing off an extra $3.2 billion from its exposure to the sub-prime housing market slump. &#8220;HSBC has made a strong start to the year despite the turbulence in global financial markets. In the first quarter of 2008, HSBC&#8217;s profit was ahead of the equivalent period last year,&#8221; it said in a statement.<br/><br/>Read more UAE News on <a href="http://www.7days.ae/showstory.php?id=72499">www.7days.ae</a><br/>
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