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HSBC wins dismissal of Madoff lawsuit

Bernie Madoff

HSBC has defeated a class-action lawsuit by investors who lost money in Bernard Madoff’s fraud and claimed the bank ignored warnings while administering a group of 'feeder funds' that placed money with the con man.

Bank of England leaves interest rates unchanged

Mark Carney

The Bank of England has left interest rates at a record low of 0.25% after signs the economy has held up more strongly than it was expecting following the vote to leave the EU. But policymakers left the door open for another interest rate cut before the end of the year.

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