# HSBC set aside $400 million relating to an alleged fraud in private markets in the U.K. New York investment firm KKR ticked down even after it swung to a quarterly profit.

*fintech · news · 2026-05-05 · MarketScreener*

## Key points

- HSBC set aside $400 million due to an alleged U.K. private markets fraud exposure.
- The SEC proposed allowing public companies to file reports semiannually instead of quarterly.
- Anthropic is launching new AI agents specifically for financial services ahead of a potential 2024 IPO.
- Coinbase is laying off 700 employees as part of a major cost-cutting initiative.

**Companies:** HSBC, KKR, Paypal, Fiserv, Coinbase, Anthropic
**Countries:** United Kingdom, United States

[Read the full story on MarketScreener](https://www.marketscreener.com/news/financials-flat-as-private-credit-fears-simmer-financials-roundup-ce7f58ddd98af525)

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