Devoted to interest rates, loans, and lending institutions

One of the worries that has been plaguing the financial sector is that different mortgage lenders and banks would have to cover large losses due to subprime mortgages. This morning's news about HSBC is providing the stock market with a level of optimism.

Europe's largest bank, HSBC, is reporting earnings, and data is showing that the bank doesn't have as much set aside to cover bad US loans as thought. And that is being taken as a positive sign that things may not be so dire.