HSBC Settles Dublin Lawsuit Seeking $36 Million Over Madoff Loss

HSBC Settles Dublin Lawsuit Seeking $36 Million Over Madoff Loss

Gianluca Colla/Bloomberg

HSBC was custodian to Thema and faces more than 50 complaints in Ireland - including from Thema itself, AA (Alternative Advantage) Plc investors, and Unione di Banche Italiane ScpA - for allegedly failing in its duties to the fund and its investors.