HSBC profits fall amid $400m fraud-related charge and Iran war
Reported by Kalyeena Makortoff (Excerpt shared below. To read full report, go to: https://www.theguardian.com/business/2026/may/05/hsbc-profits-fall-fraud-related-charge-iran-war) HSBC has taken a $1.3bn (£961m) hit to profits, amid the fallout from the US-Israel war on Iran and fraud in the troubled private credit sector. The London-headquartered bank said profits fell 4% in the first three months of the year, dropping […]