HSBC to pay $249 mln to end foreclosure reviews
WASHINGTON Jan 18 (Reuters) - HSBC Holdings Plc agreed to pay $249 million to end a case-by-case review of past foreclosures in the U.S., regulators announced on Friday.
The settlement, with the Office of the Comptroller of the Currency and the Federal Reserve Board, is the 13th the agencies have reached this month involving foreclosure issues, bringing the total payout by banks to $9.3 billion.
HSBC will pay $96 million in cash to eligible borrowers and $153 million in loan assistance.
- Total CEO de Margerie killed in Moscow as jet hits snow plow |
- Pistorius starts five-year term for killing Reeva Steenkamp |
- Ebola crisis turns a corner as U.S. issues new treatment protocols
- Fashion designer Oscar de la Renta dead at 82 |
- U.S. Congress examining deal between NSA official, ex-agency chief