HSBC to book $1.1 billion provision after Luxembourg court ruling in Madoff case

Reuters

10/27

<a href="https://laohu8.com/S/HSBC">HSBC</a> to book $1.1 billion provision after Luxembourg court ruling in Madoff case

Oct 27 (Reuters) - HSBC Holdings HSBA.L said on Monday it will recognise a provision of $1.1 billion in its third-quarter results after a Luxembourg court ruling in a long-running lawsuit tied to the Bernard Madoff investment fraud.

(Reporting by Rishav Chatterjee in Bengaluru; Editing by Kim Coghill)

((Rishav.Chatterjee@thomsonreuters.com))

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