HSBC faces $1bn hit from Bernie Madoff Ponzi scheme tussle

HSBC is facing a $1.1bn (£826m) hit after losing a long-running legal battle with investors over Bernie Madoff’s Ponzi scheme ...

HSBC to take $1.1 billion hit after Luxembourg court ruling in Madoff case

HSBC Holdings said on Monday it would book a $1.1 billion provision in its third-quarter results after losing part of an ...

HSBC to Book $1.1 Billion Provision Related to Madoff Case

The London-based bank said the eventual financial impact could be significantly different given the pending second appeal and ...
The American Bazaar

HSBC to set aside $1.1 billion over Madoff fraud case

HSBC faces a $1.1 billion provision after a Luxembourg court ruling linked to Bernie Madoff’s Ponzi scheme, underscoring the ...
EconoTimes

HSBC Sets Aside $1.1 Billion Over Luxembourg Court Ruling in Madoff Case

HSBC Holdings announced that it will record a $1.1 billion provision in its third-quarter results following a Luxembourg court decision related to the Bernard Madoff investment fraud. The provision ...

HSBC to set aside US$1.1 billion for potential payouts in Madoff fraud lawsuits

Facing uncertainty over eventual cost of lawsuits related to the Ponzi scheme, bank announces provision in its third-quarter ...
FinanceFeeds

HSBC to Contest $1.1B Payout After Madoff Appeal Loss

HSBC Holdings said on Monday it will book a $1.1 billion provision in its third-quarter results after losing part of an ...
Investing.com Canada

HSBC sets aside $1.1 billion for Madoff-related lawsuit

Investing.com -- HSBC Holdings is setting aside $1.1 billion for a lawsuit in Luxembourg connected to Bernard Madoff’s Ponzi ...