United States dollar
Interest rates call
HSBC is offering US investors a 10-year investment in interest rates that pays 7% in year one and potentially as much in following years. The product is wrapped in a certificate of deposit, but investors may lose out if HSBC exercises its call at five…
Strain persists on interbank lending
Instability in the interbank lending markets continued today, despite the approval of the revised $700 billion bailout legislation by the US Senate.