A Paris judge is expected to review the proposed settlement with prosecutors from the Parquet National Financier at a court hearing in the coming weeks, the unnamed sources told the news outlet.

"Cum-Cum" trades involve foreign investors temporarily transferring shares in French firms to local tax-exempt entities around dividend payment dates to lower or avoid withholding tax, Reuters reported.

HSBC didn't immediately respond to MT Newswires' request for comment.

The company's shares were up 2.7% in recent premarket activity.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

http://www.mtnewswires.com
Copyright © 2025 MT Newswires. All rights reserved. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.