CreditSights' Marshall on HSBC's Business Outlook

CreditSights' Marshall on HSBC's Business Outlook Play

July 31 (Bloomberg) -- David Marshall, an analyst at research firm CreditSights Inc. in Singapore, talks about HSBC Holdings Plc's business outlook. HSBC is trying to estimate the costs of four scandals to hit the bank in the past year: the mis-selling of loan insurance as well as derivatives to individual customers; allegations that traders tried to rig Libor; and a Senate report that found the bank worked with firms linked to terrorism and hid transactions that bypassed sanctions against Iran. Marshall speaks with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)

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