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View Full Version : HSBC pays out £1bn to settle US sub-prime lender fraud claim - Telegraph.co.uk



FraudNews
06-17-2016, 12:30 AM
HSBC pays out £1bn to settle US sub-prime lender fraud claim (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNEzAcFgCCJb2E1houX8XZ799SCVYw&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779134330443&ei=o0RjV-jaDpTM3QGBxqGACA&url=http://www.telegraph.co.uk/business/2016/06/16/hsbc-pays-out-1bn-to-settle-us-sub-prime-lender-fraud-claim/)
Telegraph.co.uk
HSBC has agreed to pay more than £1bn to settle a securities fraud class action that stemmed from the bank's takeover of a US sub-prime lender more than a decade ago. The 2002 lawsuit alleged that Household International and a number of the company's ...

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