Banking giants UBS AG and HSBC Bank USA NA have each agreed to pay $14 million to settle class action claims. Read more
For the purposes of the settlement, the bondholders are also seeking certification of their putative class. Read more
This is the largest securities fraud class settlement in the Seventh Circuit and the seventh largest ever. Read more
HSBC acquired Household in 2003, and the company was later renamed HSBC Finance Corp. Read more
There were several more settlements in the class action arena last month. Read more
Fulton, DeKalb, and Cobb counties in Atlanta, Ga., have brought claims against a British bank alleging that the bank engaged in lending practices damaging their property tax by encouraging m... Read more
New York State has sued HSBC Holdings Plc for ignoring a law designed to protect struggling homeowners from being thrown into foreclosure without getting a chance to renegotiate their mortga... Read more
It was reported recently that a U.S. fine for violating federal anti-money laundering laws could cost HSBC Holdings, Europe’s biggest bank, significantly more than $1.5 billion. It was also... Read more
A recently released report reveals that global banking giant HSBC and its U.S. affiliate exposed the U.S. financial system to a wide array of money laundering, drug trafficking, and terroris... Read more
If you would like to subscribe to the Jere Beasley Report digital edition, simply visit our Subscriptions page and provide the necessary information or call us at 800-898-2034.
Attorney Advertising - Prior results do not guarantee a similar outcome.