HSBC settles US claims over foreclosure-related charges

Just breaking and more info to follow...

  Reuters-

HSBC Holdings PLC : * Settlement of civil fraud claims against HSBC Bank to be announced -- New York federal court official * Reaches $10 million settlement with U.S. government to resolve false claims act case -- court official * Case relates to bank's alleged failure to oversee reasonableness of foreclosure-related charges submitted to U.S. department of housing and urban development -- court official * Settlement of HSBC case expected to be formally announced later Tuesday.

[REUTERS]