HSBC may be liable for another $650M+ in Household case

|About: HSBC Holdings PLC (HSBC)|By:, SA News Editor

The $2.46B that HSBC (HBC) must pay to settle a case involving its Household International unit may not be the end of the matter.

HSBC was told to pay the sum after Household was found to have misled investors about the quality of its loans and to have carried out predatory lending.

However, the money doesn't account for 25,000 pending claims of over $650M, lawyers for the plaintiffs said.