HSBC is the latest to settle claims related to Bernard
Madoff, paying $62.5 million to settle claims against various
HSBC companies and on behalf of investors in the Thema
International Fund, an Irish UCITS fund whose assets were
invested with Madoff.
Various HSBC companies provided custodial, administration
and similar services to a number of funds outside of the US,
whose assets were invested with Madoff, and as a result various
HSBC entities have been named as defendants in lawsuits in the
US, Ireland, Luxembourg...