HSBC Holdings Plc won a battle at the UK’s top court in a case over allegations it turned a “blind eye” to suspicious payments made by convicted billionaire swindler Allen Stanford.
In a split decision, the country’s top judges dismissed an appeal by Stanford International Bank. HSBC fought the claim from the administrators of SIB, who’d previously alleged that the lender should have known of the fraud when it made some £116 million ($140 million) of payments.
