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HSBC reaches $470M accord over foreclosure abuses

HSBC Holdings Plc will pay $470 million to end U.S. probes into allegations of foreclosure abuses including robo-signing that may have deprived struggling borrowers of opportunities to keep their homes. Federal and state officials said on Friday that the bank’s North American subsidiaries reached a settlement with the U.S. Justice Department, federal housing and consumer protection ...

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