HSBC’s Profits Hit Hard by Credit Provisions and Fraud Charges
HSBC's profits have faced significant pressure due to rising credit provisions and a substantial fraud-related charge, raising questions about the stability of the private credit sector.
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HSBC's profits have faced significant pressure due to rising credit provisions and a substantial fraud-related charge, raising questions about the stability of the private credit sector.
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HSBC's pre-tax profits fell to $29.9 billion in 2025, but revenue increased by 4%. The bank aims for a 5% growth target by 2028.