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Home > Marketplace Morning Report > HSBC braces for huge hit over Bernie Madoff Ponzi scheme
Podcast: Marketplace Morning Report
Episode:

HSBC braces for huge hit over Bernie Madoff Ponzi scheme
Category: Business
Duration: 00:07:47
Publish Date: 2025-10-28 11:35:00
Description:

From the BBC World Service: During the financial crisis of 2008, the crimes of Bernie Madoff came to light. The ripple effects of his Ponzi scheme — one of the biggest frauds in Wall Street's history — are still being felt today. Now, banking giant HSBC has put aside over $1 billion for litigation related to Madoff. And later, we'll learn more about India's hard-hit carpet industry and a sports betting scandal in Turkey.
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