Financial news
Written by: Huang Jie
2019-12-18 10:00
Last updated: 2019-12-18 10:00Thirteen large banks and financial companies, including HSBC (0005), Barclays, Citi, Credit Suisse, etc., agreed to pay a total of US $ 337 million (approximately HK $ 2.628 billion) to end their involvement in controlling Fannie and Freddie Litigation of Demetrium debt prices.
If the settlement plan is accepted by the court, the total amount of the settlement proceeds from the above-mentioned lawsuit, led by the Treasurer of Philadelphia, will reach US $ 386 million (about 3.01 billion yuan), involving 16 defendants.
Financial companies that agreed to the settlement include Barclays, Credit Suisse, Farber, Citigroup, HSBC, JP Morgan, Merrill Lynch, Morgan Stanley, Nomura, TD, UBS, Cantor Fitzgerald, Pierce, Fenner & Smith, and SG Americas .
Among them, Barclays, the main underwriter of the bonds, will pay $ 87 million.
HSBC pays nearly $ 1.5 billion to end U.S. authorities' claims that it helped clients avoid tax lawsuits
UBS: The bigger the scale of HSBC restructuring, the greater the pressure on earnings per share
HSBC Chief Operating Officer: Sorry for social unrest in Hong Kong
Chuanhui Controls robs Barclays China's industrial business executive to enhance corporate banking
HSBC