FinanceNewsAPI
HSBC Profit Misses on Charges Related to the UK, Middle East - Bloomberg.com
Overview
HSBC reported profit that missed estimates after taking an unexpected charge tied to the collapse of UK mortgage lender Market Financial Solutions Ltd and citing rising economic risks from the conflict in the Middle East. The bank said geopolitical fallout has increased uncertainty across markets and weighed on its results. The combination of a domestic credit shock and regional conflict highlights how both idiosyncratic and geopolitical events can dent big banks' earnings.
Entities
ORGBloombergORGHSBC Holdings PlcORGMarket Financial Solutions Ltd.LOCUKMiddle East
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