{"id":40090,"date":"2025-04-29T07:58:58","date_gmt":"2025-04-29T07:58:58","guid":{"rendered":"https:\/\/news2shorts.com\/index.php\/2025\/04\/29\/hsbc-sets-aside-more-cash-for-bad-loans-amid-trump-tariff-war\/"},"modified":"2025-04-29T07:58:58","modified_gmt":"2025-04-29T07:58:58","slug":"hsbc-sets-aside-more-cash-for-bad-loans-amid-trump-tariff-war","status":"publish","type":"post","link":"https:\/\/news2shorts.com\/index.php\/2025\/04\/29\/hsbc-sets-aside-more-cash-for-bad-loans-amid-trump-tariff-war\/","title":{"rendered":"HSBC sets aside more cash for bad loans amid Trump tariff war"},"content":{"rendered":"<p>UK-based bank warns that trade tensions will lead to lower investment, consumer spending and GDP growth<\/p>\n<ul>\n<li><a href=\"https:\/\/www.theguardian.com\/business\/live\/2025\/apr\/29\/hsbc-trade-war-bad-debts-trump-automotive-tariffs-stock-markets-business-live-news\">Business live \u2013 latest updates<\/a><\/li>\n<\/ul>\n<p>HSBC has sounded the alarm about the impact of higher <a href=\"https:\/\/www.theguardian.com\/business\/internationaltrade\">trade tariffs<\/a> on economic growth, unemployment and inflation around the world, as it set aside more money to cover bad debts and reported lower profits.<\/p>\n<p>The UK-based bank reported a $200m (\u00a3149m) rise in expected credit losses to $900m in the first quarter, as it increased allowances to \u201creflect heightened uncertainty and deterioration in the forward economic outlook due to geopolitical tensions and higher trade tariffs\u201d.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/business\/2025\/apr\/29\/hsbc-bad-loans-trump-tariff-war-uk-gdp\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>UK-based bank warns that trade tensions will lead to lower investment, consumer spending and GDP growth Business live \u2013 latest updates HSBC has sounded the alarm about the impact of higher trade tariffs on economic growth, unemployment and inflation around the world, as it set aside more money to cover bad debts and reported lower &#8230; <a title=\"HSBC sets aside more cash for bad loans amid Trump tariff war\" class=\"read-more\" href=\"https:\/\/news2shorts.com\/index.php\/2025\/04\/29\/hsbc-sets-aside-more-cash-for-bad-loans-amid-trump-tariff-war\/\" aria-label=\"Read more about HSBC sets aside more cash for bad loans amid Trump tariff war\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-40090","post","type-post","status-publish","format-standard","hentry","category-blog"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/40090","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/comments?post=40090"}],"version-history":[{"count":0,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/40090\/revisions"}],"wp:attachment":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/media?parent=40090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/categories?post=40090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/tags?post=40090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}