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HSBC trims Stanford Bank’s £118m ponzi scheme claim

HSBC trims Stanford Bank’s £118m ponzi scheme claim
Published on: 20 August 2020
Published by: Law360
  • HSBC trims Stanford Bank’s £118m ponzi scheme claim

Article summary

Law360, London: A judge has trimmed part of Stanford International Bank’s £118m ($US 156m) lawsuit against HSBC over a $US 7bn, decades-long Ponzi scheme orchestrated by Stanford’s former owner, although HSBC still faces allegations that it ignored warning signs. or take a trial to read the full analysis.

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