# HSBC profits have fallen amid a $400m fraud-related charge and the Iran war.

*fintech · news · 2026-05-05 · Birmingham Live*

## Key points

- HSBC took a $400 million loss due to a UK fraud case linked to private equity loans.
- The bank set aside $300 million over increased risks from the Iran war and economic uncertainty.
- HSBC's total expected credit loss charge rose 50% year-on-year to $1.3 billion.
- HSBC did not disclose the specific companies involved in the fraud-related charge.

**Companies:** HSBC
**Countries:** UK

[Read the full story on Birmingham Live](https://www.birminghammail.co.uk/news/midlands-news/hsbc-takes-13-billion-hit-33888080)

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