HSBC Reports $3 Billion Exposure To UK Fraud
HSBC reported a total of $3 billion in exposure to fraud-related secondary securitization financing. The bank stated the loss in Britain originated from exposure with a financial sponsor in the UK. HSBC did not identify the specific company involved in the transaction.
Topics
Developing
- 863d Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore.
- 863d Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
- 863d Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est.
- 863d Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium.
Sources · 7 independent
RTHK Radio 3 HK
“The bank described its loss in Britain as coming from fraud-related secondary securitization exposure with a financial sponsor in the UK. It did not identify the company involved. HSBC said it has a total of $3 billion in exposure to such securitization financing”
RTHK Radio 3 HK
“$3 billion in exposure to such securitization financing, which it described as”
Unlock the full story
Get a Pro subscription or above to see the live story progression and the full list of independent sources confirming each event as they happen.
Log in to upgrade