HSBC Set to Pay About $300 Million to Settle French Criminal Case

HSBC Holdings Plc is poised to pay around $300 million to settle a French criminal case into its alleged role in the “Cum-Cum” tax scandal that’s embroiled some of the...

By Gaspard Sebag, Claudia Cohen · Bloomberg Markets

HSBC Holdings Plc is poised to pay around $300 million to settle a French criminal case into its alleged role in the “Cum-Cum” tax scandal that’s embroiled some of the biggest banks in the country, according to people familiar with the matter.