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

Get the app

More briefs

WorldTurkey, Saudi Arabia and Pakistan to discuss new mutual protection deal on Monday WorldIran's unseen supreme leader urges Gulf countries to fight a shared enemy BusinessIceland supermarket boss tells the Chancellor to cut business taxes for employers GeneralNigel Farage's £5m donor has major stakes in arms industry PoliticsTreasury officials advise John Healey to tax banks and oil companies more HealthCorrecting hearing loss can cut dementia risk by almost half More top stories → Browse all stories →