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home / articles / HSBC - BNP Paribas Faces the Music - Reportedly Settles Case Over Swiss Franc Loan | Benzinga


HSBC - BNP Paribas Faces the Music - Reportedly Settles Case Over Swiss Franc Loan | Benzinga

BNP Paribas (OTC: BNPQY) reportedly settled a lawsuit related to a Swiss franc loan case.

BNP penned a settlement deal with France's consumer group CLCV over a lawsuit on its consumer credit unit for misleading practices about Swiss-franc mortgages, reported Reuters.

The company will pay a compensation of between 400 million and 600 million euros ($662.3 million), the report added.

In late November, BNP ...

Full story available on Benzinga.com

Stock Information

Company Name: HSBC Holdings plc.
Stock Symbol: HSBC
Market: NYSE
Website: hsbc.com

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