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.

Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-06-12/hsbc-said-to-have-400-million-exposure-to-ailing-uae-firm-iffco)

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