HSBC Reaches $601 Million Settlement In Mortgage Case – ValueWalk Premium
HSBC Bank

HSBC Reaches $601 Million Settlement In Mortgage Case

HSBC on Friday reached a series of settlements involving $601 million with federal and state regulators and law enforcement agencies to end U.S. probes into allegations of its mortgage origination, servicing and foreclosure practices. Europe’s biggest bank joins five big U.S. banks, including JPMorgan Chase, which cumulatively paid $25 billion in 2012 to settle their alleged abusive mortgage and foreclosure dealings.

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