After latest trials, de facto central bank decides to focus development of the digital currency on applications for financial institutions.
HSBC Profit Drops on Billion-Dollar Hit From Madoff Suit
Europe’s biggest bank by assets also said it expects to meet an annual target for return on equity and upgraded its 2025 guidance for net interest income.
HSBC expects $1.1bn hit from legal fight over Madoff’s Ponzi scheme
HSBC will set aside $1.1bn for a lawsuit brought by investors who lost money in Bernard Madoff’s multibillion-dollar Ponzi scheme after a Luxembourg court denied the bank’s appeal. The UK lender said on Monday it would recognise the provision in its third-quarter results and expected a 0.
HSBC third-quarter profit slides 14% on legal charges but lifts income outlook
HSBC Holdings reported a 14% decline in third-quarter pretax profit on Tuesday, hurt by a $1.1 billion charge after losing part of an appeal in a long-running lawsuit tied to Bernard Madoff's Ponzi ...
HSBC Quarterly Profit Falls on $1.1 Billion Hit From Madoff Lawsuit
The London-based bank said that net profit fell 21% from a year earlier to $4.87 billion for the three months ended September.
HSBC is bullish on 2025 despite hit from Madoff provision
[LONDON] HSBC Holdings raised its profitability outlook for 2025 even as earnings slid following an unexpected US$1.1 billion provision tied to Bernard Madoff’s giant fraud case more than a decade ago ...
Shares of China’s Sany Heavy Industry trade flat on Hong Kong trading debut after $1.6 billion IPO
China's Sany Heavy Industry traded flat on its Hong Kong trading debut Tuesday after raising HKD$12.36 billion ($1.59 billion) in one of the city's largest listings this year.
Shares of China’s Sany Heavy climb on Hong Kong trading debut after $1.6 billion IPO
China's Sany Heavy Industry rose marginally on its Hong Kong trading debut Tuesday after raising HKD$12.36 billion ($1.59 billion) in one of the city's largest listings this year.
PONY AI Inc. Launches Hong Kong Initial Public Offering
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES. BEIJING, China, Oct. 27, 2025 (GLOBE NEWSWIRE) -- Pony AI Inc. (“Pony.ai” or the “Company”) (Nasdaq: PONY ...
Pony AI launches Hong Kong IPO; plans R&D expansion from proceeds
Investing.com-- Chinese autonomous driving firm Pony AI (NASDAQ:PONY) has launched its Hong Kong initial public offering, issuing about 41.96 million Class A ordinary shares, the company said on ...
Hong Kong stock rally pauses after rising to 3-week high as Xi-Trump meeting looms
The rally that lifted Hong Kong stocks to a three-week high took a respite on Tuesday, as investors awaited the high-stakes sit-down between President Xi Jinping and his US counterpart Donald Trump ...
HSBC Slapped With $1.1 Billion Madoff Hit Just Before Earnings–Is the Worst Yet to Come?
HSBC Holdings Plc is once again back in the legal spotlight this time setting aside $1.1 billion to cover potential losses linked to inve ...
HSBC takes US$1bil hit on Madoff fraud litigation
LONDON: HSBC Holdings Plc will set aside US$1.1bil to cover litigation by investors who lost money in Bernard Madoff's fraud, joining other global banks unexpectedly hit recently with ballooning costs ...
Seres Aims for $1.7 Billion Hong Kong IPO, Fueled by Huawei and Global Ambition
Chinese electric vehicle maker Seres Group is gearing up for a blockbuster debut on the Hong Kong Stock Exchange, eyeing up to $1.7 billion ...