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 Holdings Plc reported third-quarter revenue that beat estimates, driven by its key wealth businesses, even as a $1.1 billion provision tied to the Bernard Madoff fraud cases weighed on earnings.

HSBC sets aside $1.1B after Luxembourg court partially upholds Madoff-related claims, warning the legal battle could take ...

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.

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 ...

The London-based bank said it is appealing a Luxembourg court ruling for a second time, and that the eventual financial ...

The London-based bank said that a unit is defending a claim brought by Herald Fund SPC for restitution of securities and cash ...

HSBC Holdings said on Monday it will book a $1.1 billion provision in its third-quarter results after losing part of an appeal in a long-running lawsuit tied to Bernard Madoff's Ponzi scheme.

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

HSBC Holdings has today reported a 14% decline in third-quarter pretax profit, hurt by a $1.1 billion charge after losing part of an appeal in a lawsuit tied to Bernard Madoff's Ponzi scheme, ...

HSBC Holdings said on Monday it will book a $1.1 billion provision in its third-quarter results after losing part of an appeal in a long-running lawsuit tied ...