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 ...

Money can build empires that span generations, but it takes only one scandal to bring them crashing down. Throughout history, ...

Singapore’s second-largest bank Oversea-Chinese Banking Corp. (OCBC), flagged a more cautious outlook for 2025 as margin pressures persisted, even as its third-quarter (Q3) net profit beat market ...

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

Amazon cutting 14,000 corporate jobs amid AI investment push Amazon has revealed plans to cut around 14,000 corporate jobs as ...

HONG KONG/LONDON (Reuters) -HSBC Holdings boosted its income outlook and vowed to shift into growth mode with its takeover of ...

HSBC’s $1.1 billion provision to cover legal exposure from the Bernard Madoff scandal has reignited discussion among ...

(Alliance News) - The FTSE 100 recorded another record high on Tuesday boosted by HSBC, while Wall Street made further gains ahead of key tech earnings and central bank meetings. The FTSE 100 index ...

[LONDON] HSBC Holdings raised its profitability outlook for 2025 even as earnings slid following an unexpected US$1.1 billion provision tied to Bernard Madoff’s giant fraud case more than a decade ago ...

HSBC Holdings reported a 14 percent decline in third-quarter pretax profit on Tuesday, hurt by a US$1.1 billion charge after losing part of an appeal in a long-running lawsuit tied to Bernard Madoff's ...

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, ...

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 dollars ...