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FTSE 100 banks are facing £2.5bn of headwinds – HSBC and Barclays are in the firing line.
The FTSE 100's Big Five banks faced a £2.5bn sector-wide hit from economic risks in Q1.
KEY POINTS
- Big Five banks set aside £601m specifically for potential loan losses due to the Iran conflict.
- Barclays downgraded its 2026 growth forecast to 1% and flagged deteriorating macro assumptions.
- Barclays and HSBC suffered direct losses from the MFS private credit collapse, totaling over £550m.
COMPANIES
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