HSBC Holdings (HSBC) (GB:HSBA) is bracing for a financial setback tied to one of the biggest frauds in history. Ahead of its Q3 earnings, the bank revealed that it could take a $1.1 billion loss due ...

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 ...

LONDON (Reuters) -HSBC Holdings said on Monday it would 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 ...

HSBC braces for huge hit over Bernie Madoff Ponzi scheme From the BBC World Service: Banking giant HSBC has set aside over $1 billion for litigation related to Bernie Madoff.

In a ruling that could affect nonprofit groups that invested with Bernard Madoff, a federal court on Tuesday strengthened bankruptcy trustee Irving Picard’s hand in pursuing clawback lawsuits against ...

Europe’s largest lender HSBC announced a 14% year-on-year decline in third-quarter profits on Tuesday. Pre-tax profits fell to $7.3 billion (€6.26bn) over the period, largely due to a $1.1bn (€943.65 ...

A crop data blackout during the longest-ever U.S. government shutdown has led to the widest range of analyst estimates in a decade for corn and soybean yields, as an information vacuum at harvest time ...