Fraud Investigation 23 February 2026

HSBC Holdings Plc Says $400 Million Fraud Hit Is Isolated. Investors Want to Know Why.
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HSBC Holdings Plc Says $400 Million Fraud Hit Is Isolated. Investors Want to Know Why.

HSBC set aside $400 million for potential fraud losses tied to private credit loans, rattling investors and prompting a review of similar exposures, Chairman Brendan Nelson told shareholders. The provision contributed to a slip in first-quarter pretax profit to $9.4 billion. HSBC has not named the company involved. Shares in London and Hong Kong fell, while New York shares rose.
May 9, 2026
IDFC First Bank share price slumps on suspected ₹5.9 bln fraud; KPMG probe in focus
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IDFC First Bank share price slumps on suspected ₹5.9 bln fraud; KPMG probe in focus

IDFC First Bank shares dropped 16% to 69.6 rupees on Monday after the lender reported a suspected 5.9 billion rupee fraud involving Haryana government-linked accounts. The bank has hired KPMG for a forensic audit and notified regulators. The Reserve Bank of India said the case poses no systemic risk. Haryana has de-empaneled IDFC First and AU Small Finance Bank from government business.
February 23, 2026