HSBC to Pay $1.75bn to Settle Household Intl Class Action – ShareCast News
HSBC said it will pay $1.57bn to end a class action lawsuit over its 2003 purchase of Household International that could have exposed it to $3.6bn in payouts. The bank said it would take a pre-tax charge of around $585m in the second quarter. HSBC merged Household International with another unit to …