HSBC to recognize $1.1 billion provision in third quarter after court ruling in Madoff case

Herald Fund SPC sued HSBC's Luxembourg unit in 2009, claiming restitution of securities and cash it said were lost in the fraud.

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via IFTTT Herald Fund SPC sued HSBC's Luxembourg unit in 2009, claiming restitution of securities and cash it said were lost in the fraud. https://ift.tt/jSyzMs3