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HSBC has "substantially completed" a review of its lending policies and practises.
HSBC has substantially completed a review of lending policies after a $400 million fraud provision.
KEY POINTS
- The fraud provision is linked to the collapse of Market Financial Solutions, sources told Reuters.
- HSBC determined the issue is a one-off, not a systemic problem in its portfolio.
- HSBC's exposure was connected to Atlas SP, an Apollo Global Management-linked unit, per sources.
COMPANIES
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