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Evening Standard
Evening Standard
Business
Anna Wise

HSBC agrees to pay £260m to settle dividend fraud case in France

HSBC Hang Seng France Hong Kong
HSBC has agreed to pay around 300 million euros (£260.6 million) to French authorities to settle a dividend fraud case (Mike Egerton/PA) - (PA Wire)

HSBC has agreed to pay around 300 million euros (£260.6 million) to French authorities to settle a dividend fraud case, as the bank also said it had won shareholder backing to buy out its Hong Kong-listed business Hang Seng.

The banking giant said it was “pleased to have resolved” the issue after being investigated by French financial prosecutors.

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