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HSBC Beats £118M Stanford Bank Ponzi Scheme Claim

By Christopher Crosby (April 15, 2021, 3:08 PM BST) -- A London appeals court has axed a £118 million ($168 million) lawsuit against HSBC in connection with a massive Ponzi scheme run by Stanford International, finding on Thursday that the financial giant did not owe a duty of care to creditors of the scandal-hit Caribbean bank....

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