U.S. regulators are close to securing another multibillion-dollar settlement with the largest banks to resolve allegations that they unlawfully cut corners when foreclosing on delinquent borrowers, a source familiar with the talks said. The settlement with five big banks would be part of a larger deal that the Office of […]
Tag: US Regulators
HSBC Hit By £500m Money Laundering Charge
HSBC will tomorrow prolong the latest wave of financial penalties for Britain’s banks by setting aside hundreds of millions of pounds more to cover settlements for breaching anti money-laundering rules. I have learned that HSBC will raise the likely bill for fines from US authorities to as much as $1.5bn […]
