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HSBC profit stays flat but warns of deeper credit losses ahead
Economy
Published on 5 May 2026
A bigger UK charge and conflict provisions shift the outlook
HSBC reported flat first-quarter profit as rising credit loss charges in the UK and provisions tied to the Middle East conflict weighed on results. The bank expects further credit losses this year, citing a worsening economic outlook and a major charge linked to a UK investment bank exposure. HSBC also revised its 2026 credit charge forecast upward.
- HSBC first-quarter profit was flat despite pressure from credit losses
- UK credit loss charges and Middle East conflict provisions hurt earnings
- The bank expects more credit losses in the year ahead
- HSBC raised its credit charge forecast for 2026
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times