London-headquartered bank’s shares slide as it sets aside an extra $300m to cover effects of Middle East conflict Business live – latest updates London-headquartered bank’s shares slide as it sets aside an extra $300m to cover effects of Middle East conflict Business live – latest updates HSBC has suffered a $1.3bn (£961m) hit to profits, fuelled by the fallout from the US-Israel war on Iran and fraud in the troubled private credit sector . The London-headquartered bank said profits fell 4% in