made-off

HSBC Settles for $62.5 Million in Madoff Suit, Won’t Admit Wrongdoing

The bank, which handled back-office functions for a fund that invested with Bernard Madoff, will pony up cash to his victims. But it won’t admit that it knew what it probably should have known about the Ponzi scheme. [WSJ]

HSBC Settles for $62.5 Million in Madoff Suit, Won’t Admit Wrongdoing