HSBC warns it could take years to settle Madoff case as bank takes $1.1bn hit
Lawsuit over Ponzi scheme drags on London-headquartered lender, whose profits plunge by 14% Business live – latest updates HSBC has warned it could take years to finally settle a lawsuit over the Bernard Madoff Ponzi scheme, as the bank’s profits fell 14% after it took a $1.1bn (£830m) hit on (…)
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The Guardian (Middle East)
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