HSBC third-quarter profit slides 14%, hit by $1.4 billion litigation charge-March 2024-www.financetom.com

HSBC third-quarter profit slides 14%, hit by $1.4 billion litigation charge

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HSBC third-quarter profit slides 14%, hit by $1.4 billion litigation charge

Oct 27, 2025 9:18 PM

HONG KONG, Oct 28 (Reuters) - HSBC Holdings ( HSBC )

reported a 14% decline in third-quarter pretax profit on

Tuesday, hurt by a $1.4 billion charge after losing part of an

appeal in a long-running lawsuit tied to Bernard Madoff's Ponzi

scheme, history's biggest-ever such fraud.

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