HSBC hit with $2.46-billion judgment in U.S. class action | Reuters

HSBC hit with $2.46-billion judgment in U.S. class action | Reuters
"A unit of British bank HSBC Holdings Plc (HSBA.L) was hit with a record $2.46 billion final judgment in a U.S. securities class action lawsuit against its unit, formerly known as Household International Inc."
"The suit was filed in 2002 and alleged that Household International had violated securities laws by fraudulently misleading investors about the quality of its loans."