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Business / General

HSBC Said to Have $400 Million Exposure to Ailing UAE Firm IFFCO

Source: bloombergMarkets June 12, 2026 · 06:26
IFFCO Group, one of the Middle East’s largest consumer goods companies, has emerged as an unwelcome headache for HSBC Holdings Plc at a time when Chief Executive Officer Georges Elhedery is trying to make the British lender leaner, simpler and more disciplined with capital.
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United Kingdom United Arab Emirates