HSBC Says Damages May Reach $1.6B In FHFA Action

By Max Stendahl · August 5, 2013, 2:52 PM EDT

HSBC Holdings PLC could face up to $1.6 billion in damages in a Federal Housing Finance Agency suit alleging it sold shoddy mortgage-backed securities to Fannie Mae and Freddie Mac before...

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Case Information

Case Title

Federal Housing Finance Agency v. HSBC North America Holdings Inc. et al

Case Number

Court

New York Southern

Nature of Suit

Securities/Commodities

Date Filed

September 02, 2011

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