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HSBC to set aside US$1.1 billion for potential payouts in Madoff fraud lawsuits

By Yahoo! Finance   |   1 month ago
HSBC to set aside US$1.1 billion for potential payouts in Madoff fraud lawsuits

HSBC Holdings will set aside a US$1.1 billion provision for potential lawsuit payouts related to the Bernard Madoff fraud case. This provision may impact the bank's capital ratio but is not expected to affect dividend payouts.

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