Company: HBCYF
Filing Date: 2025-10-28
Form Type: 6-K
Source: 0001089113-25-000056
Chunk: 30

Company: HSBC HOLDINGS PLC
Filing Date: 2025-10-28
Form: 6-K
Chunk 30
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 first quarter of 2026. Upon subsequent wind-down of the entity, expected in 2026, cumulative foreign currency translation reserves and other reserves will recycle to the income statement. At 30 September 2025, foreign currency translation reserve and other reserve losses stood at $0.2bn.

Events after the balance sheet date On 3 October 2025, HSBC Continental Europe completed the sale of its private banking business in Germany to BNP Paribas. At 30 September 2025, the balances classified as held for sale were $1.5bn in assets and $ 1.5b n in liabilities. In the fourth quarter of 2025, we will recognise an estimated pre-tax gain on disposal of $ 0.1b n. On 9 October 2025, the Group announced that we have put forward a conditional proposal to privatise Hang Seng Bank through a scheme of arrangement. If approved and implemented, this would result in The Hongkong and Shanghai Banking Corporation Limited acquiring all of the remaining shares of Hang Seng Bank held by the minority shareholders, and the withdrawal of the listing of Hang Seng Bank shares from the Hong Kong Stock Exchange. On approval, a financial liability would be recognised in the Group’s consolidated financial statements for the present value of the proposed HK$ 106.1b n ($ 13.7b n) purchase consideration, and a corresponding adjustment to equity, net of derecognising the non-controlling interest – which stood at $ 6.8b n as at 30 September 2025 – would also be recognised. In a 2009 lawsuit in Luxembourg relating to the Bernard L. Madoff Investment Securities LLC fraud, HSBC Securities Services Luxembourg (‘HSSL’) is defending a claim brought by Herald Fund SPC (‘Herald’) for restitution of securities and cash. For prior disclosure on this matter, please refer to page 96 of the HSBC Holdings plc 2025 Interim Report on Form 6-K. On 24 October 2025, the Luxembourg Court of Cassation denied HSSL’s appeal in respect of Herald’s securities restitution claim, but accepted HSSL’s appeal in respect of Herald’s cash restitution claim. HSSL will now pursue a second appeal before the Luxembourg Court of Appeal. If HSSL is unsuccessful in that second appeal, it will

| HSBC Holdings plc Earnings Release 3Q25 on Form 6-K |
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contest the amount HSSL is