UPDATE 1-HSBC to pay $470 mln to resolve mortgage servicing probe by U.S. govt, states
February 05, 2016 at 12:05 PM EST
WASHINGTON, Feb 5 (Reuters) - HSBC Holdings Plc will pay $470 million to settle parallel U.S. federal and state civil charges alleging the bank's mortgage servicing arm engaged in abusive foreclosure and loan origination practices, government officials announced on Friday.