HSBC, one of your heavy volume stock movers this morning due to set aside $1.1% billion to cover litigation by investors who lost money in Bernie Madoff's fraud in a case which dates all the way back to 2009. Talk about a throwback. Shares down about 1%.We'll call it all over the stories. Bloomberg, Tom Metcalf, who leads our media, finance and investing coverage. Can you just walk us through the details of this.We haven't heard Bernie Madoff's name in a while. Yeah, exactly. So, you know, sort of throwback ...

HSBC will set aside $1.1 billion to cover litigation by investors who lost money in Bernard Madoff's fraud, the latest global bank to face a significant hit from litigation dating back years. Bloomberg's Tom Metcalf reports. ...

Core Insights - Challenges related to commercial property credit quality will persist for Hong Kong banks in the upcoming year, although there are positive prospects in capital markets and yuan business [1] - The residential property market in Hong Kong is showing signs of stabilization, with a modest price increase of 0.14% in August, reducing the overall price decline for the year to 0.24% [3] - The commercial real estate credit quality issues represent a small portion of the overall lending by Hong Kong banks, and sufficient provisions have been made to manage the risks [4][6] Commercial Property Sector - The Hong Kong Monetary Authority (HKMA) is closely monitoring the credit quality of the commercial property sector, which is expected to remain a challenge for banks [1] - HSBC and Hang Seng Bank reported a combined provision of US$500 million for office and retail properties in the first half of the year, marking a fivefold increase from the previous year [4] - The oversupply in the office commercial real estate market is exerting downward pressure on rents and capital values, as noted by HSBC's CEO [5] Residential Property Market - Hong Kong's lived-in home prices have recorded a modest gain for the fifth consecutive month, indicating a stabilizing residential market [3] - The overall price decline in the residential market has narrowed to 0.24% for the year, reflecting a positive trend [3] Banking Sector Resilience - The banking sector in Hong Kong is characterized by a strong capital ratio and profitability, which helps mitigate concerns regarding commercial real estate credit quality [6]

Core Viewpoint - HSBC Holdings will record a US$1.1 billion provision in its third-quarter earnings due to uncertainties surrounding payouts in lawsuits related to the Bernard Madoff fraud case [1][4]. Financial Impact - The provision will affect the group's common-equity tier one capital ratio by approximately 15 basis points, which measures the bank's core capital against its risk-weighted assets [2]. - This provision is classified as a "material notable item" and will not influence the full-year rate of return excluding notable items in 2025 or any dividend payouts [2]. Legal Context - The provision is linked to a 2009 lawsuit by Herald Fund SPC, which is seeking restitution of securities and cash valued at US$2.5 billion, with total damages claimed at US$5.6 billion due to losses from the Madoff Investment Securities collapse [4]. - HSBC's decision to make the provision followed a Luxembourg Court ruling that denied HSBC Securities Services Luxembourg's appeal regarding Herald's claims for securities restitution, although it allowed an appeal for the cash-restitution claim [5]. Ongoing Legal Proceedings - HSBC Securities Services Luxembourg plans to pursue a second appeal before the Luxembourg Court of Appeal and will contest the payment amount if the second appeal is unsuccessful [5]. - The case is part of a series of lawsuits against various HSBC entities stemming from the Madoff fraud, with HSBC having provided custodial and administration services to non-US funds that invested approximately US$8.4 billion with Madoff Securities as of November 2008 [6]. Future Considerations - HSBC acknowledged that the eventual financial impact could vary significantly due to the ongoing second appeal and the complexities involved in determining the restitution amount [7].

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： HSBC Holdings plc 滙豐控股有限公司 呈交日期： 2025年10月27日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 00005 | 說明 | | 普通股(每股0.50美元) | | | | | A. 已發行股份或庫存股份變動 | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | | | 佔有關事件前的現 ...

为应对潜在风险，汇丰控股宣布将在2025年第三季综合财务业绩中计提11亿美元拨备，该笔拨备将对集 团的普通股权一级资本比率带来大约15个基点的影响。公告同时明确，这笔拨备将归类为"重大须予注 意项目"，不会影响2025财政年度"不计及须予注意项目"的平均有形股本回报率，也不会对年内股息分 配造成冲击。汇丰在公告中表示将按计划于10月28日公布2025年第三季业绩。 智通财经APP获悉，汇丰控股(00005)跌近2%，截至发稿，跌1.65%，报101.4港元，成交额17.84亿港 元。 消息面上，10月27日，汇丰控股发布公告，公布与马多夫诈骗案相关的最新进展。公告显示，汇丰控股 旗下卢森堡子公司HSBC Securities Services Luxembourg（下称"HSSL"）收到卢森堡最高法院最新判 决，法院驳回其要求Herald Fund SPC（下称"Herald"）归还证券申索的上诉，但接纳其就现金申索提出 的上诉。公告表示，HSSL将向卢森堡上诉法院提出第二次上诉，若败诉，将在后续诉讼中对需支付金 额提出抗辩。由于第二次上诉尚未审结，且归还金额存在复杂性和不确定性，最终财务影响可能有重大 不同 ...

为应对潜在风险，汇丰控股宣布将在2025年第三季综合财务业绩中计提11亿美元拨备，该笔拨备将对集 团的普通股权一级资本比率带来大约15个基点的影响。公告同时明确，这笔拨备将归类为"重大须予注 意项目"，不会影响2025财政年度"不计及须予注意项目"的平均有形股本回报率，也不会对年内股息分 配造成冲击。汇丰在公告中表示将按计划于10月28日公布2025年第三季业绩。 消息面上，10月27日，汇丰控股发布公告，公布与马多夫诈骗案相关的最新进展。公告显示，汇丰控股 旗下卢森堡子公司HSBC Securities Services Luxembourg（下称"HSSL"）收到卢森堡最高法院最新判 决，法院驳回其要求Herald Fund SPC（下称"Herald"）归还证券申索的上诉，但接纳其就现金申索提出 的上诉。公告表示，HSSL将向卢森堡上诉法院提出第二次上诉，若败诉，将在后续诉讼中对需支付金 额提出抗辩。由于第二次上诉尚未审结，且归还金额存在复杂性和不确定性，最终财务影响可能有重大 不同。 汇丰控股(00005)跌近2%，截至发稿，跌1.65%，报101.4港元，成交额17.84亿港元。 ...

Group 1 - HSBC Holdings is defending a claim for the return of securities and cash related to the Bernard L. Madoff Investment Securities LLC fraud case in Luxembourg [1] - The Luxembourg Supreme Court rejected HSBC Securities Services Luxembourg's appeal regarding the return of securities but accepted the appeal concerning the return of cash [1] - HSBC Securities Services Luxembourg plans to file a second appeal to the Luxembourg Court of Appeal [1] Group 2 - HSBC Holdings will recognize a provision of $1.1 billion in its consolidated financial results for Q3 2025, impacting the group's Common Equity Tier 1 capital ratio by approximately 15 basis points [2] - The final financial impact may vary significantly due to the pending second appeal and the complexity and uncertainty related to the determination of the return amount [2] - This provision will be classified as a significant item and will not affect the average tangible equity return or any dividends for the fiscal year 2025 [2]

凤凰网财经讯 10月27日，汇丰控股发布公告，公布与马多夫（内地多翻译为：麦道夫）诈骗案相关的最新进展。公告显示，汇丰控股旗下卢森堡子公司 HSBC Securities Services Luxembourg（下称"HSSL"）收到卢森堡最高法院最新判决，法院驳回其要求Herald Fund SPC（下称"Herald"）归还证券申索的上 诉，但接纳其就现金申索提出的上诉。 公告表示，HSSL将向卢森堡上诉法院提出第二次上诉，若败诉，将在后续诉讼中对需支付金额提出抗辩。由于第二次上诉尚未审结，且归还金额存在复杂 性和不确定性，最终财务影响可能有重大不同。 为应对潜在风险，汇丰控股宣布将在2025年第三季综合财务业绩中计提11亿美元拨备，该笔拨备将对集团的普通股权一级资本比率带来大约15个基点的影 响。公告同时明确，这笔拨备将归类为"重大须予注意项目"，不会影响2025财政年度"不计及须予注意项目"的平均有形股本回报率，也不会对年内股息分配 造成冲击。 汇丰控股计划于2025年10月28日公布2025年第三季业绩。凤凰网财经《银行财眼》将持续关注。 ...

Core Viewpoint - The London-based bank is currently involved in a legal dispute where a unit is defending a claim from Herald Fund SPC regarding the restitution of securities and cash related to the Bernard L. Madoff Investment Securities LLC case [1] Group 1 - The bank's unit is actively defending against a lawsuit brought by Herald Fund SPC [1] - The lawsuit pertains to restitution claims involving securities and cash [1] - The case is linked to the infamous Bernard L. Madoff Investment Securities LLC [1]