HSBC trades close to highs, private-credit risk limits further upside
HSBC shares fell 1.1% to 1,429.8p in London Friday, after the bank disclosed a $0.4 billion UK fraud charge for Q1. The stock remains just 1.8% below its 52-week high. HSBC’s CET1 capital ratio dropped to 14.0%, the lower end of its target range, affecting buyback timing. The bank reported Q1 revenue of $18.6 billion, up 6%.
