HSBC to pay about $300 million to settle French tax probe, Bloomberg News reports

Core Viewpoint - HSBC Holdings is preparing to pay approximately $300 million to resolve a French criminal investigation related to its involvement in the "Cum-Cum" tax scandal [1] Group 1 - The settlement amount of around $300 million indicates the financial implications of the ongoing legal issues faced by HSBC [1] - The investigation pertains to allegations of HSBC's role in a tax evasion scheme known as the "Cum-Cum" scandal, which has significant legal and reputational consequences for the company [1]