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Articles Posted in HSBC Finance Corp.

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HSBC Holdings to Pay $1.575B In Mortgage Lending Lawsuit

HSBC Finance Corp., an HSBC Holdings Plc. (HSBC) unit, will pay $1.575B to settle a shareholder class action securities case that was brought in 2002. The case involves Household International, the consumer finance business that HSBC purchased in 2003. Household International is now HSBC Finance. Household shareholders accused the company…

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