HSBC convenes meeting of UK banks over climate risk disclosure demands
Central banks have warned that floods, wildfires and rising sea levels could trigger defaults among household and corporate borrowers
Central banks have warned that floods, wildfires and rising sea levels could trigger defaults among household and corporate borrowers

Warning that banks may find it difficult to manage risks comes a day after HSBC disclosed $400mn hit

First-quarter income dips to $9.4bn, missing analyst expectations

Lender announced plan last year to use $3.2tn balance sheet to muscle into alternative lending market

HSBC and Barclays executives tell House of Lords committee that they are losing ground to US rivals

Landmark exercise to test resilience of $16tn finance market outside banking

Securitisation deals to secure capital benefits were up 85% in the first half of this year