Violation Tracker Parent Company Summary
Parent Company Name:
HSBC
Ownership Structure:
publicly traded (ticker symbol HSBC)
Headquartered in:
Britain
Major Industry:
financial services
Specific Industry:
banking
Penalty total since 2000:
$5,718,137,007
Number of records:
40
| Top 10 Primary Offense Types | Penalty Total | Number of Records |
|---|---|---|
| toxic securities abuses | $1,320,250,000 | 3 |
| banking violation | $1,287,500,000 | 7 |
| anti-money-laundering deficiencies | $1,256,000,000 | 1 |
| fraud | $669,000,000 | 2 |
| mortgage abuses | $480,000,000 | 2 |
| economic sanction violation | $375,030,375 | 5 |
| interest rate benchmark manipulation | $275,000,000 | 1 |
| wage and hour violation | $23,162,188 | 11 |
| investor protection violation | $23,000,000 | 2 |
| securities issuance or trading violation | $6,600,000 | 2 |
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 dollar total above may be adjusted to account for the fact that the list of 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. Duplicate penalty amounts are marked with an asterisk in the list below.
Associated Names:
HOUSEHOLD INTL; HSBC; HSBC AUTO FINANCE; HSBC FINANCE; HSBC HOLDING; HSBC HOLDING PLC HSBC BANK USA NA; HSBC NORTH AMERICA HOLDING; HSBC PRIVATE BANK SUISSE; HSBC SECURITIES USA; HSBC TOWER; MORTGAGE ONE; REPUBLIC NEW YORK SECURITIES
Links:
Individual Penalty Records:
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| Company | Primary Offense Type | Year | Agency |
Penalty Amount |
|---|---|---|---|---|
| HSBC Holdings plc HSBC Bank USA N.A. | anti-money-laundering deficiencies | 2012 | DOJ_CRIMINAL | $1,256,000,000 |
| HSBC | toxic securities abuses | 2018 | USAO | $765,000,000 |
| Republic New York Securities | fraud | 2001 | USAO | $569,000,000 |
| HSBC North America Holdings Inc. | toxic securities abuses | 2014 | FHFA | $550,000,000 |
| HSBC Bank USA, N.A. | banking violation | 2012 | OCC | $500,000,000 |
| HSBC Bank USA NA | mortgage abuses | 2016 | DOJ_CIVIL | $470,000,000 |
| HSBC Holdings | economic sanction violation | 2012 | OFAC | $375,000,000 |
| HSBC Bank | interest rate benchmark manipulation | 2014 | CFTC | $275,000,000 |
| HSBC Bank USA, National Association | banking violation | 2013 | OCC | $249,000,000 |
| HSBC Holdings | banking violation | 2017 | FED | $175,000,000 |
| HSBC HOLDINGS PLC | banking violation | 2012 | FED | $165,000,000 |
| HSBC North America Holdings, Inc. | banking violation | 2016 | FED | $131,000,000 |
| HSBC Holdings plc | fraud | 2018 | DOJ_CRIMINAL | $100,000,000 |
| HSBC Bank USA, National Association | banking violation | 2016 | OCC | $35,000,000 |
| HSBC Bank USA, National Association | banking violation | 2017 | OCC | $32,500,000 |
| HSBC Bank | wage and hour violation | 2013 | private lawsuit-federal | $15,625,000 |
| HSBC Private Bank (Suisse) | investor protection violation | 2014 | SEC | $12,500,000 |
| HSBC Bank USA, N.A. | investor protection violation | 2007 | SEC | $10,500,000 |
| HSBC | mortgage abuses | 2014 | USAO | $10,000,000 |
| HSBC | wage and hour violation | 2016 | private lawsuit-federal | $6,982,000 |
| HSBC | toxic securities abuses | 2012 | NCUA | $5,250,000 |
| Republic New York Securities Corporation | securities issuance or trading violation | 2001 | CFTC | $5,000,000 |
| HSBC Bank USA N.A. | False Claims Act | 2017 | USAO | $2,118,861 |
| HSBC Securities (USA) Inc. | securities issuance or trading violation | 2018 | CFTC | $1,600,000 |
| HSBC Finance Corporation | Servicemembers Civil Relief Act | 2016 | DOJ_RIGHTS | $434,500 |
| HSBC Auto Finance | wage and hour violation | 2009 | private lawsuit-federal | $420,000 |
| Household International | wage and hour violation | 2003 | WHD | $54,328 |
| HSBC North America | environmental violation | 2010 | EPA | $36,083 |
| Mortgage One Corporation | wage and hour violation | 2000 | WHD | $18,912 |
| HSBC | wage and hour violation | 2007 | WHD | $16,545 |
| HSBC North America Inc. | wage and hour violation | 2006 | WHD | $12,685 |
| HSBC North America Inc. | wage and hour violation | 2006 | WHD | $11,489 |
| HSBC Bank USA | economic sanction violation | 2003 | OFAC | $11,000 |
| HSBC Bank USA | economic sanction violation | 2004 | OFAC | $8,375 |
| HSBC North America Inc. | wage and hour violation | 2006 | WHD | $8,273 |
| HSBC Bank | wage and hour violation | 2006 | WHD | $7,599 |
| HSBC Bank USA | economic sanction violation | 2004 | OFAC | $5,500 |
| HSBC Bank USA | economic sanction violation | 2003 | OFAC | $5,500 |
| HSBC North America Inc | wage and hour violation | 2006 | WHD | $5,357 |
| HSBC TOWER | environmental violation | 2017 | EPA | $5,000 |
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