HSBC takes US$1bil hit on Madoff fraud litigation

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LONDON: HSBC Holdings Plc will set aside US$1.1bil to cover 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. Read full story

Date: 28 October, 2025 8:01 am
Source: thestar.com.my

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