The provision was connected to the collapse of specialist UK mortgage lender Market Financial Solutions (MFS).

NEW YORK (Reuters) -A U.S. appeals court on Thursday voided the 2017 fraud conviction of a former HSBC executive who spent two years in prison for "front-running" a British oil and gas exploration ...

HSBC has "substantially completed" a review of its lending policies and practises after it took a $400 million provision ...

HSBC has reported a surprise $400 million loss tied to the collapse of UK lender Market Financial Solutions, triggering a 6% drop in its share price and missing profit forecasts. The loss stemmed from ...

The Second Circuit explained that the Supreme Court had thrown out prosecutors' best argument in their historic currency rigging case against Mark Johnson and that their back-up argument was undercut ...

HSBC said on Monday that it will recognize a provision of $1.1 billion in its third quarter results. A Luxembourg court denied HSBC's appeal in respect of Herald's securities restitution claim. HSBC ...

HSBC Holdings is booking a provision of $1.1 billion for a lawsuit in Luxembourg related to Bernard Madoff's multibillion-dollar Ponzi scheme, one of the largest financial frauds in American history.

Buy HSBA.L. The profit miss is dominated by two non-recurring drags: a specific UK fraud-related structured finance exposure ...

HSBC Holdings Plc will set aside $1.1 billion to cover litigation by investors who lost money in Bernard Madoff’s fraud, the latest global bank to face a significant hit from litigation dating back ...