Brief

HSBC Reports $400M Credit Loss Linked To Fraud

By Eddie Beaver ( May 5, 2026, 5:51 PM BST) -- HSBC Holdings PLC said Tuesday that its expected credit losses for the first quarter of 2026 were $400 million higher compared to a year ago, driven by a fraud-related exposure tied to a U.K. financial sponsor in its corporate and institutional banking division....

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