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Violation Tracker Current Parent Company Summary

Current Parent Company Name: HSBC
Ownership Structure: publicly traded (ticker symbol LSE: HSBA)
Headquartered in: United Kingdom
Major Industry: financial services
Specific Industry: banking
Penalty total since 2000$6,512,890,495
Number of records: 63
Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
financial offenses$4,466,762,77529
consumer-protection-related offenses$1,013,031,50014
competition-related offenses$944,000,0003
employment-related offenses$79,023,27613
government-contracting-related offenses$9,118,8612
Top 5 Primary Offense TypesPenalty TotalNumber of Records
toxic securities abuses$1,322,750,0004
banking violation$1,287,500,0007
anti-money-laundering deficiencies$1,256,000,0001
mortgage abuses$999,700,0006
Notes: Parent-subsidiary linkages are based on relationships current as of the latest revision listed in the Update Log, which may vary from what was the case when a violation occurred. The penalty totals are adjusted to account for the fact that the individual entries below may include both agency records and settlement announcements for the same case; or else a penalty covering multiple locations may be listed in the individual records for each of the facilities. The totals are also adjusted to reflect cases in which federal and state or local agencies cooperated and issued separate announcements of the outcome. Duplicate or overlapping penalty amounts are marked with an asterisk in the list below.

Links: Subsidy Tracker data on financial assistance to this company by federal, state and local government agencies can be found here.

Individual Penalty Records:

Click on the company or penalty amount for more information on each case.

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CompanyPrimary Offense TypeYearAgencyPenalty Amount sort icon .
HSBC Holdings plc HSBC Bank USA N.A.anti-money-laundering deficiencies2012DOJ_CRIMINAL$1,256,000,000
HSBCtoxic securities abuses2018USAO$765,000,000
Republic New York Securitiesfraud2001USAO$569,000,000
HSBC North America Holdings Inc.toxic securities abuses2014FHFA$550,000,000
HSBC Bank USA, N.A.banking violation2012OCC$500,000,000
Household Finance abuses2002MULTI-AG$484,000,000
HSBC Bank USA NAmortgage abuses2016DOJ$470,000,000
HSBC Holdingseconomic sanction violation2012OFAC$375,000,000
HSBC Bankprice-fixing or anti-competitive practices2014CFTC$275,000,000
HSBC Bank USA, National Associationbanking violation2013OCC$249,000,000
HSBC Private Bank (Suisse) SAtax violations2019USAO$192,350,000
HSBC Holdings plceconomic sanction violation2012NY-MANDA(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $187,500,000
HSBC Holdingsbanking violation2017FED$175,000,000
HSBC HOLDINGS PLCbanking violation2012FED$165,000,000
HSBC North America Holdings, Inc.banking violation2016FED$131,000,000
HSBC Holdings plcfraud2018DOJ_CRIMINAL$100,000,000
HSBCmortgage abuses2016MULTI-AG(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $59,500,000
Household Internationalbenefit plan administrator violation2004private lawsuit-federal$46,500,000
HSBC Bank USA, National Associationbanking violation2016OCC$35,000,000
HSBC Bank USA, National Associationbanking violation2017OCC$32,500,000
HSBC Securitiesmortgage abuses2018MA-AG$26,800,000
HSBC Bankwage and hour violation2013private lawsuit-federal$15,625,000
HSBC Private Bank (Suisse)investor protection violation2014SEC$12,500,000
HSBC Bank USA, N.A.investor protection violation2007SEC$10,500,000
HSBCmortgage abuses2014USAO$10,000,000
HSBC Bank USAbenefit plan administrator violation2005private lawsuit-federal$9,350,000
Household Finance Corp. of California and Beneficial California, abuses2002CA-DFPI$8,900,000
HSBCFalse Claims Act and related2020CA-AG$7,000,000
HSBCwage and hour violation2016private lawsuit-federal$6,982,000
HSBC Finance Corporation et al.discriminatory practices (non-employment)2010private lawsuit-federal$6,050,000
HSBCtoxic securities abuses2012NCUA$5,250,000
Republic New York Securities Corporationinvestor protection violation2001CFTC$5,000,000
HSBCconsumer protection violation2016MA-AG$4,000,000
HSBC Securities (USA) Inc.toxic securities abuses2016VA-AG$2,500,000
HSBC Bank USA N.A.False Claims Act and related2017USAO$2,118,861
HSBC Finance Corporationconsumer protection violation2013WV-AG$1,950,000
HSBC Securities (USA) Inc.investor protection violation2018CFTC$1,600,000
HSBC Securities (USA)investor protection violation2010FINRA$1,500,000
HSBC Bank USA, N.A.environmental violation2007NY-AG$918,000
HSBCconsumer protection violation2015MO-AG$825,000
HSBC Securities (USA) Inc.investor protection violation2020SEC$725,000
HSBC Bank USA, N.A.investor protection violation2019CFTC$650,000
HSBC Finance Corporationconsumer protection violation2016DOJ_RIGHTS$434,500
HSBC Auto Financewage and hour violation2009private lawsuit-federal$420,000
HSBC Securities (USA) Inc.investor protection violation2010FINRA$375,000
HSBC Brokerageinvestor protection violation2007FINRA$250,000
Household Finance Corpoationconsumer protection violation2008NE-DBF$55,000
Household Internationalwage and hour violation2003WHD$54,328
HSBC North Americaenvironmental violation2010EPA$36,083
HSBC Bank USA, N.A.economic sanction violation2013OFAC$32,400
HSBCemployment discrimination2020NY-NYCCHR$30,000
HSBCwage and hour violation2007WHD$16,545
HSBC North America Inc.wage and hour violation2006WHD$12,685
HSBC North America Inc.wage and hour violation2006WHD$11,489
HSBC Bank USAeconomic sanction violation2003OFAC$11,000
HSBC SECURITIES USA INCinsurance violation2021WA-INS$10,000
HSBC Bank USAeconomic sanction violation2004OFAC$8,375
HSBC North America Inc.wage and hour violation2006WHD$8,273
HSBC Bankwage and hour violation2006WHD$7,599
HSBC Securities USA Incinsurance violation2011WA-INS$7,000
HSBC Bank USAeconomic sanction violation2004OFAC$5,500
HSBC Bank USAeconomic sanction violation2003OFAC$5,500
HSBC North America Incwage and hour violation2006WHD$5,357
(*): Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting.