HSBC expects $1.1bn hit from Madoff litigation
UK bank sets aside provision for lawsuit stemming from history’s biggest Ponzi scheme
UK bank sets aside provision for lawsuit stemming from history’s biggest Ponzi scheme
UK bank sets aside $1.1bn for legal fight stemming from criminal enterprise that collapsed in 2008
Lender announced plan last year to use $3.2tn balance sheet to muscle into alternative lending market
First-quarter income dips to $9.4bn, missing analyst expectations
Move follows investigation into bank’s handling of trades between 2014 and 2019
Proceedings come as ailing business empire that owned Telegraph owes large debts
Watchdog previously barred bank from taking on high-risk customers over lax anti-money laundering checks
