HSBC Agrees to Pay €300 Million to End French Tax Dividend Probes

HSBC Holdings Plc has agreed to pay about €300 million ($350 million) to settle a twin criminal and tax case in France into its alleged role in the “Cum-Cum” scandal...

By Gaspard Sebag, Claudia Cohen · Bloomberg

HSBC Holdings Plc has agreed to pay about €300 million ($350 million) to settle a twin criminal and tax case in France into its alleged role in the “Cum-Cum” scandal that’s embroiled some of the biggest banks in the country.