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HSBC third-quarter profit slides on Madoff charges

HSBC Holdings has today reported a 14% decline in third-quarter pretax profit, hurt by a $1.1 billion charge after losing part of an appeal in a lawsuit tied to Bernard Madoff's Ponzi scheme, history's biggest-ever such fraud.

Business • 28 Oct

People on a busy street walk outside a Hang Seng Bank branch in Hong Kong

HSBC proposes privatisation of Hang Seng Bank

HSBC said it planned to privatise Hong Kong's Hang Seng Bank in a deal worth HK$106.1 billion ($13.63 billion) after its majority-held subsidiary has come under fire for its performance and exposure to faltering property markets in the city and mainland China.

Business • 09 Oct

Hang Seng Bank

HSBC third-quarter profit slides on Madoff charges

HSBC proposes privatisation of Hang Seng Bank

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