HSBC to pay $1.575 billion, ending Household International class action

June 17, 2016
© 2016 Reuters

A unit of HSBC Holdings Plc (HSBA.L) said on Thursday it will pay $1.575 billion (1.11 billion pounds) to end a 14-year-old shareholder class action lawsuit stemming from the Household International consumer finance business that the British bank bought in 2003.

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