HSBC Revenue Beats as $1.1 Billion Madoff Provision Dents Profit
HSBC Holdings Plc reported third-quarter revenue that beat estimates, driven by its key wealth businesses, even as a $1.1 billion provision tied to the Bernard Madoff fraud cases weighed on...
By Harry Wilson, Ambereen Choudhury · Bloomberg
HSBC Holdings Plc reported third-quarter revenue that beat estimates, driven by its key wealth businesses, even as a $1.1 billion provision tied to the Bernard Madoff fraud cases weighed on earnings.