1. HSBC Chair Confirms 'Thorough Review' of $400 Million Fraud Provision as Bank Updates Risk Appetite
HSBC Holdings Plc has conducted a "thorough review" of a $400 million fraud-related provision recorded in its latest earnings, Chairman Brendan Nelson confirmed, adding that the bank is updating its risk appetite in response. The disclosure draws attention to a significant fraud-related charge at one of Europe's larges...