As prosecutors asked to jail Bernard Madoff for 150 years, a U.S. District Court judge Friday entered a preliminary order calling on the convicted Ponzi schemer to forfeit more than $170 billion in ...

A Luxembourg court ruled against the bank in a long-running lawsuit tied to its custodial role for a fund that invested in ...

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

A US government fund created to compensate thousands of people scammed by the late Bernie Madoff in history’s biggest Ponzi scheme is making its final batch of payments — and it has now made up nearly ...

HSBC Holdings ($HSBC) ($GB:HSBA) is bracing for a financial setback tied to one of the biggest frauds in history. Ahead of ...

HSBC Holdings Plc said it sees a provision of $1.1 billion on litigation related to claims against investors who lost money in Bernard Madoff’s fraud.

HSBC reported a 14 percent drop in third-quarter pre-tax profit on Tuesday, with the banking giant's bottom line weighed down ...

The London-headquartered lender will put by the provision in third quarter results due to be published on Tuesday.

The lender reported pre-tax profits of 7.3 billion US dollars (£5.5 billion) for the third quarter, down from 8.5 billion US ...