Tag: US department of justice

January 19, 2018 BY Valentina Kirilova

HSBC Holdings agrees to pay more than $100 million to resolve fraud charges

HSBC Holdings plc (NYSE:HSBC) announced that it has entered into a three-year deferred prosecution agreement with the US Department of Justice (DoJ) to resolve the DoJ’s investigation into HSBC’s historical foreign exchange sales and trading activities within its Global Markets business. Under the agreement, HSBC will pay a total of US$101.5m, including a US$63.1m fine…

Read more
July 27, 2016 BY Valentina Kirilova

Deutsche Bank to negotiate with DoJ over mortgage probe

Deutsche Bank had begun settlement talks with the US Department of Justice over its probe into the German bank’s origination and securitisation of mortgage-backed securities, as it posted a slump in second-quarter profits. John Cryan, chief executive, has made clear that he wants to resolve Deutsche Bank’s big outstanding legal cases quick. Deutsche Bank had…

Read more