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HSBC Takes $1.1 Billion Hit on Madoff Fraud Litigation

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HSBC Holdings Plc will set aside $1.1 billion for litigation by investors who lost money in Bernard Madoff’s fraud, joining other global banks unexpectedly hit recently with ballooning costs on various cases dating back years.

HSBC Takes $1.1 Billion Hit on Madoff Fraud Litigation https://www.bloomberg.com - 03:26

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HSBC Takes $1.1 Billion Hit on Madoff Fraud Litigation https://www.bloomberg.com - 03:26
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