Business
HSBC Agrees to Pay €300 Million to End French Tax Dividend Probes
SOURCE:Bloomberg|BY:Gaspard Sebag, Claudia Cohen
HSBC Holdings Plc agreed to pay about €300 million ($350 million) to settle a twin criminal and civil case in France into its alleged role in a dividend-tax scandal that’s embroiled some of the biggest banks in the country.
HSBC Holdings Plc has agreed to pay about €300 million ($350 million) to settle a twin criminal and tax case in France into its alleged role in the “Cum-Cum” scandal that’s embroiled some of the biggest banks in the country.