HSBC Holdings said that in light of the high-profile crashes of First Brands Group and Tricolor Holdings in recent months, which have brought the relevant markets under scrutiny, the bank is evaluating its risk exposure to small banks and hedge funds with large-scale private credit operations.

HSBC Holdings said that in light of the high-profile crashes of First Brands Group and Tricolor Holdings in recent months, which have brought the relevant markets under scrutiny, the bank is evaluating its risk exposure to small banks and hedge funds with large-scale private credit operations.