HSBC to pay $550 mln to settle U.S. mortgage bond claims: source
September 12, 2014 at 13:46 PM EDT
NEW YORK, Sept 12 (Reuters) - HSBC Holdings Plc is expected to pay $550 million to resolve a U.S. regulator's claims the bank made false representations in selling mortgage bonds to Fannie Mae and Freddie Mac before the financial crisis, a person familiar with the matter said Friday.
