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Enforcement
» HSBC to Pay DOJ $765 Million to Resolve Legacy MBS Case Alleging Misrepresentation, Fraud
HSBC to Pay DOJ $765 Million to Resolve Legacy MBS Case Alleging Misrepresentation, Fraud
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Enforcement
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HSBC has agreed to pay $765 million in civil penalties under a settlement agreement with the Department of Justice to resolve allegations it misled investors on the quality of its residential MBS and the accuracy of its due diligence procedures.