HSBC hit with $9bn Madoff lawsuit

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HSBC is being sued for $9bn by the trustee trying to recover money for the victims of Bernard Madoff's fraud.

The third major bank in as many weeks to be targeted, the claim against HSBC follows similar recent moves by trustee Irving Picard - who is suing JPMorgan $6.4bn and UBS for $2bn. "Had HSBC and the...

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