General · 5 May 2026

HSBC profit falls 4% to $9.4bn on rising costs.

Banking results show weaker earnings as fraud losses and conflict risks raise costs. HSBC said first-quarter profit fell 4% to $9.4bn after setting aside money for a UK fraud case and Middle East uncertainty on Tuesday. Expected credit losses rose to $1.3bn, including $300m tied to the impact of the conflict involving Iran.

By BriefTea Editorial · 5 May 2026 at 8:39

Reported by The Guardian · How we write briefs

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