HSBC to pay $765 million to settle U.S. mortgage securities mis-selling claim
Reuters
Published Oct 09, 2018 12:59PM ET
HSBC to pay $765 million to settle U.S. mortgage securities mis-selling claim
LONDON (Reuters) - HSBC on Tuesday said it would pay $765 million to the United States Justice Department to settle claims it mis-sold mortgage-backed securities between 2005 and 2007.
The bank's announcement confirmed a total penalty that HSBC said in August it would likely pay. HSBC said in a statement it has been working since the financial crisis to improve its internal controls and culture.
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Written By: Reuters
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