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The leverage layer cake behind HSBC’s private credit losses
HSBC did not lend to collapsed mortgage provider MFS. It took a $400mn hit anyway
First seen · 11:01 PM UTCMay 6, 2026
How it's being covered
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Covering this story
Sorted left → rightAlso happening today
All today →Public holiday
Saint George's Day
Saint George's Day is observed in Bulgaria (Гергьовден, ден на храбростта и Българската армия). Recognized nationally.
Public holiday
Martyr's Day
Martyr's Day is observed in Gabon. Recognized nationally.
Public holiday
Constitution Memorial Day
Constitution Memorial Day is observed in Japan (憲法記念日). Recognized nationally.
Awareness
National No Diet Day
Created in 1992 by British author Mary Evans Young, the day promotes body acceptance and challenges diet culture. Research now broadly supports the conclusion that most diets fail within two years and can trigger cycles of restriction. May 6th is the annual permission slip.
+1Also on this date in history
All →2023
The coronation of Charles III and Camilla as King and Queen of the United Kingdom and the other Commonwealth realms is held in Westminster Abbey, London.
Milestone2023
Eight people are killed and seven injured in a mass shooting in Allen, Texas. The perpetrator is killed by a police officer.
Milestone2013
Three women, kidnapped and missing for more than a decade, are found alive in Cleveland, Ohio, in the United States.
Milestone