HSBC Is in Talks to Pay Russian Claim in Politically-Charged Case
- HSBC wants Russian pledge the bank won’t face more claims
- Admission of guilt would boost Russia’s case against Browder
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HSBC Holdings Plc’s Russian unit is in talks with local authorities to pay 1.4 billion rubles ($22 million) in obligations related to the politically-charged case of investor William Browder.
The bank’s lawyers said in Russia’s Supreme Court in Moscow Thursday it is also seeking written assurances from tax authorities that it won’t face future charges or claims related to the high-profile case, but so far hasn’t reached agreement. The court set another hearing for July 30 after the bank asked for more time to reach a settlement.