Mizuho Financial Group Inc. said Wednesday its net income for the first half ended Sept. 30 tumbled from a year earlier to JPY 327 billion -- or roughly U.S. $3 billion -- partly from U.S. subprime loan issues, according its summary of interim results for 2007. Royal Bank of Canada announced Tuesday that it expects to record a $360 million pretax charge, or $160 million after tax, in its capital markets segment in the fourth quarter related to the valuation of subprime collateralized debt obligations and subprime residential mortgage-backed securities. HSBC Holding said its U.S. consumer finance business took a loan impairment charge of $3.4 billion in the third quarter.
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