HSBC settles US claims over foreclosure-related charges

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HSBC settles US claims over foreclosure-related charges

HSBC settles US claims over foreclosure-related charges

Just breaking and more info to follow…

 

Reuters-

HSBC Holdings PLC : * Settlement of civil fraud claims against HSBC Bank to be announced — New York federal court official * Reaches $10 million settlement with U.S. government to resolve false claims act case — court official * Case relates to bank’s alleged failure to oversee reasonableness of foreclosure-related charges submitted to U.S. department of housing and urban development — court official * Settlement of HSBC case expected to be formally announced later Tuesday.

[REUTERS]

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