HSBC to set aside US$1.1 billion for potential payouts in Madoff fraud lawsuits

Why is Amazon cutting 14,000 corporate jobs? What impact will Nvidia’s $1B Nokia investment have? How will Fed interest rate cuts affect markets? Why did Apple and Microsoft reach $4 trillion valuations? What caused PayPal shares to surge recently? How are U.S.-China trade talks influencing soybean prices? What are the effects of the ongoing government shutdown?

HSBC to set aside US$1.1 billion for potential payouts in Madoff fraud lawsuits

finance.yahoo.com/news/hsbc-set-aside-us-1-093000471.html

HSBC Holdings will book a US$1.1 billion provision in its third-quarter earnings as it faces uncertainty over payouts in lawsuits related to the Bernard Madoff fraud case, according to a stock exchange filing on Monday morning.
The largest bank in Hong Kong and Europe unveiled the…

This story appeared on finance.yahoo.com, 2025-10-27 09:30:00.