HSBC shares dropped 5% after the bank reported a $400 million fraud-related loss in Britain, highlighting risks in the $3.5 trillion private credit industry.
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HSBC profit falls amid war impact
- HSBC Non-GAAP EPS of $0.44 misses by $1.72, revenue of $18.62B beats by $80M; updates FY26 outlook Seeking Alpha —
- HSBC profits fall amid $400m fraud-related charge and Iran war The Guardian —
- HSBC profits fall on higher credit charges Financial Times —
- HSBC Posts Flat Quarterly Net Profit Wall Street Journal —
- HSBC profits fall slightly despite strong wealth and Hong Kong business growth The Argus —
HSBC profit underwhelms on surprise $400 million private credit loss
Reuters
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