HSBC's (HBC -8.7%) loan impairments at its U.S. division more than doubled to $1.8B last quarter...

|About: HSBC Holdings PLC (HSBC)|By:, SA News Editor

HSBC's (HBC -8.7%) loan impairments at its U.S. division more than doubled to $1.8B last quarter as large numbers of customers simply stopped paying their mortgage. The issue seems to stem from the "foreclosure moratorium" as folks apparently enjoy not having to worry about losing their houses while not making payments. (earnings report)