10:16 AM EDT, 10/16/2025 (MT Newswires) -- HSBC Holdings ( HSBC ) has no exposure to the collapse of First Brands Group, which recently filed for bankruptcy, Bloomberg reported Thursday, citing an interview with Michael Roberts, HSBC's ( HSBC ) corporate and institutional banking head.

Roberts told Bloomberg Television that HSBC ( HSBC ) was not involved directly in the auto-parts supplier.

He said the lender is introducing fraud-detection technology across its divisions, adding that certain financing arrangements would need "much more due diligence, much greater technology," according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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