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Tags: hsbc | mortgage | probe | securities

HSBC to Pay $765 Million to Settle Crisis-Era Mortgage Probe

Tuesday, 09 October 2018 01:12 PM EDT

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. 

© 2023 Thomson/Reuters. All rights reserved.


Headline
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.
hsbc, mortgage, probe, securities
62
2018-12-09
Tuesday, 09 October 2018 01:12 PM
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