The Guardian Australia – Business
·business
·1 hour ago
HSBC profits fall amid $400m fraud-related charge and Iran war
HSBC's first-quarter profits fell 4% to $9.4 billion as the bank took a $1.3 billion charge for potential loan losses, including $300 million tied to Middle East conflict exposure. The lender also reported a $400 million fraud-related securitization loss in its UK investment banking division. Shares dropped over 5%.
Summary by Glance · The Guardian Australia – Business
Newer
Next
Loving doing this? 🎉
Take it further — get the full app and never miss a moment of what's happening in Australia.
Breaking news alerts
Instant lock-screen notifications the moment big stories break across Australia.
Australian news & events
Politics, sport, weather, local events — all in one swipeable feed, updated around the clock.
Stay ahead of the news cycle
30-second summaries so you're always informed, even on your busiest days.
Loading article…
This publisher's site can't be shown here due to their security settings.
Open full article →No source link available for this article.
✨
Ask AI