HSBC pulls back from risky credit after bankruptcy scare, FT reports

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HSBC ​is halting ​lending to riskier private credit ‌clients, ⁠after ⁠high-profile ​bankruptcies cast doubt on underwriting ​standards in ​the sector ⁠and ‌pushed banks ​to ​cut ⁠their exposure, the Financial ​Times reported ​on Tuesday, citing people familiar ‌with the matter.

Reuters ​could ​not ⁠immediately verify the report.

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