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HSBC warns it may take years to settle Madoff case as financial institution takes $1.1bn hit | HSBC

by greater

October 28, 2025

Reading Time: 3 mins read

HSBC warns it may take years to settle Madoff case as financial institution takes .1bn hit | HSBC

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HSBC has warned it may take years to lastly settle a lawsuit over the Bernard Madoff Ponzi scheme, because the financial institution’s earnings fell 14% after it took a $1.1bn (£830m) hit on the 2009 scandal.

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HSBC warns it may take years to settle Madoff case as financial institution takes $1.1bn hit | HSBC

Apple hits $4tn market worth as new iPhone fashions revitalize gross sales | Apple

FTSE 100 hits new document forward of Federal Reserve assembly and tech outcomes

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HSBC warns it may take years to settle Madoff case as financial institution takes $1.1bn hit | HSBC

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