HSBC Likely to Pay $300M to Settle "Cum-Cum" Tax Lawsuit in France
ZACKS·2025-12-12 00:46

Key Takeaways HSBC is likely to pay about 300MtosettleFrench"CumCum"allegationsandendacriminalprobe.TheproposeddealincludesrepaymentofrelatedtaxbillsandalignswithHSBCspriorprovision.Frenchprosecutorswillpresentthesettlementsoon,mirroringactionsseenwithCreditAgricole.HSBCHoldingsPLC(HSBC)islikelytopayroughly300M to settle French "Cum-Cum" allegations and end a criminal probe.The proposed deal includes repayment of related tax bills and aligns with HSBC's prior provision.French prosecutors will present the settlement soon, mirroring actions seen with Credit Agricole.HSBC Holdings PLC (HSBC) is likely to pay roughly 300 million to resolve its alleged involvement in the French “Cum-Cum” tax scandal, which has ensnared several major banks in the country. This was reporte ...