HSBC Said to Reject Euribor Probe Deal as EU Readies Fine
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HSBC Holdings Plc dropped out of talks to settle a European Union antitrust probe into rigging of Euribor lending rates, according to a person familiar with the investigation, as regulators prepare to hand out fines to settling banks as soon as next month.
HSBC, Europe’s biggest lender by value, pulled out of the negotiations because the discussions stumbled over the possible size of a fine and liability issues, according to a second person who, like the first person, asked not be named because the talks are confidential.