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HSBC to pay $765 mn to settle US mortgage securities misselling claim

HSBC said in a statement it has been working since the financial crisis to improve its internal controls and culture.

Reuters  |  LONDON 

hsbc
The HSBC bank logo is seen at their offices | Photo: Reuters

on Tuesday said it would pay $765 million to the to settle claims it mis-sold mortgage-backed securities between 2005 and 2007.

The bank's announcement confirmed a total penalty that said in August it would likely pay. said in a statement it has been working since the financial crisis to improve its internal controls and culture.

First Published: Tue, October 09 2018. 21:50 IST
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