HSBC stock in focus after France tax settlement as Hang Seng buyout clock ticks
HSBC agreed to pay €267.5 million to settle a French dividend-tax probe, sending its London shares down 0.2% while U.S.-listed stock rose 0.3%. The settlement, approved by a Paris court, covers alleged misconduct from 2014 to 2019. Hang Seng Bank shareholders also cleared HSBC’s $13.6 billion buyout plan, with a Hong Kong court hearing pending.