HSBC (HBC) settles foreclosure-abuse charges with the Fed and the OCC, agreeing to pay $249M to...

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

HSBC (HBC) settles foreclosure-abuse charges with the Fed and the OCC, agreeing to pay $249M to certain mortgage holders. This settlement follows recent deals (I, II) cut by numerous other household names in the banking industry.