All the updated news related to bernard madoff

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City

HSBC takes £826m hit after Madoff fraud ruling

Banking giant HSBC has revealed it will set aside 1.1 billion US dollars (£826 million) following a court ruling related to a long-running lawsuit brought by investors who lost money in Bernard Madoff’s investment fraud. The British lender, which ...

27 Oct 2025 at 10:44

City

HSBC announces £898m drop in quarterly profits

HSBC reported pre-tax profits of 7.3 billion US dollars (£5.5 billion) for the third quarter – a drop of 1.2 billion US dollars (£898 million) on the same period 12 months ago. The announcement comes a day after the banking giant revealed it ...

28 Oct 2025 at 04:49

City

HSBC profits slump 14% after Madoff legal hit

HSBC has seen its quarterly profits drop 14% after a “disappointing” 1.1 billion US dollar (£827 million) hit from a lawsuit relating to the Bernard Madoff investment fraud. The London-headquartered banking giant reported pre-tax profits of ...

28 Oct 2025 at 09:00

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