HSBC to Pay $1.58bn to Resolve Lawsuit From Its 2003 Acquisition Household International…
HSBC has agreed to pay $1.58bn (£1.11bn, €1.4bn) to resolve a US shareholder class action lawsuit that was filed in 2002. The lawsuit had stemmed from HSBC’s 2003 acquisition of US subprime group, Household International. The 14-year-old lawsuit by Household’s shareholders …