HSBC Sets Aside $1.1B After Madoff Fraud Court Ruling
By Eddie Beaver ( October 27, 2025, 11:12 AM GMT) -- HSBC Holdings PLC has revealed that it has set aside $1.1 billion in its third-quarter financial results to cover for potential losses following a Luxembourg court ruling in a claim brought by Herald Fund SPC over the Bernard Madoff investment fraud....
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