Silicon valley battered as Washington turns up antitrust heat

Business Jun 4, 2019

Silicon valley battered as Washington turns up antitrust heat

Technology giants are bracing for sweeping investigations into their business practices as top U.S. antitrust officials and lawmakers carved out a battle plan targeting Silicon Valley's best-known names — sending shares tumbling and raising the prospect of a drawn-out fight with the government. The House ...

HSBC settles U.S. subprime mortgage claims for $765 million

Business Oct 10, 2018

HSBC settles U.S. subprime mortgage claims for $765 million

British banking giant HSBC has agreed to pay $765 million to resolve allegations it passed on toxic mortgage securities to investors prior to the global financial crisis, federal prosecutors announced Tuesday. Between 2005 and 2007, HSBC staff knowingly packaged low-grade loan pools with high rates ...