Violation Tracker Parent Company Summary

Parent Company Name: 
HSBC
Ownership Structure: 
publicly traded (ticker symbol HSBC)
Headquartered in: 
United Kingdom
Major Industry: 
financial services
Specific Industry: 
banking
Penalty total since 2000: 
$6,503,749,407
Number of records: 
59
Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
financial offenses$5,464,337,77532
competition-related offenses$944,000,0003
employment-related offenses$79,012,18813
consumer-protection-related offenses$13,321,5007
government-contracting-related offenses$2,118,8611
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
fraud$669,000,0002
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.

Associated Names: 

Household Finance Corp.; Household Finance Corp. of California and Beneficial California, Inc.; Household Finance Corpoation; HOUSEHOLD INTL; HSBC; HSBC AUTO FINANCE; HSBC Finance Corporation; HSBC Finance Corporation et al.; HSBC HOLDING; HSBC HOLDING PLC HSBC BANK USA NA; HSBC NORTH AMERICA HOLDING; HSBC Private Bank (Suisse) SA; HSBC PRIVATE BANK SUISSE; HSBC Securities; HSBC SECURITIES USA; HSBC TOWER; MORTGAGE ONE; REPUBLIC NEW YORK SECURITIES

Links: 

For an overview of this company's accountability track record, read its Corporate Rap Sheet here.

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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Company Primary Offense Type Year Agency Penalty Amountsort icon
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
Household Finance Corp. mortgage abuses 2002 MULTI-AG $484,000,000
HSBC Bank USA NA mortgage abuses 2016 DOJ $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 Private Bank (Suisse) SA tax violations 2019 USAO $192,350,000
HSBC Holdings plc economic sanction violation 2012 NY-MANDA (*) $187,500,000
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 mortgage abuses 2016 MULTI-AG (*) $59,500,000
Household International benefit plan administrator violation 2004 private lawsuit-federal $46,500,000
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 Securities mortgage abuses 2018 MA-AG $26,800,000
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 Bank USA benefit plan administrator violation 2005 private lawsuit-federal $9,350,000
Household Finance Corp. of California and Beneficial California, Inc. mortgage abuses 2002 CA-DBO $8,900,000
HSBC wage and hour violation 2016 private lawsuit-federal $6,982,000
HSBC Finance Corporation et al. discriminatory practices (non-employment) 2010 private lawsuit-federal $6,050,000
HSBC toxic securities abuses 2012 NCUA $5,250,000
Republic New York Securities Corporation investor protection violation 2001 CFTC $5,000,000
HSBC consumer protection violation 2016 MA-AG $4,000,000
HSBC Securities (USA) Inc. toxic securities abuses 2016 VA-AG $2,500,000
HSBC Bank USA N.A. False Claims Act and related 2017 USAO $2,118,861
HSBC Finance Corporation consumer protection violation 2013 WV-AG $1,950,000
HSBC Securities (USA) Inc. investor protection violation 2018 CFTC $1,600,000
HSBC Bank USA, N.A. environmental violation 2007 NY-AG $918,000
HSBC consumer protection violation 2015 MO-AG $825,000
HSBC Securities (USA) Inc. investor protection violation 2020 SEC $725,000
HSBC Bank USA, N.A. investor protection violation 2019 CFTC $650,000
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 Finance Corpoation consumer protection violation 2008 NE-DBF $55,000
Household International wage and hour violation 2003 WHD $54,328
HSBC North America environmental violation 2010 EPA $36,083
HSBC Bank USA, N.A. economic sanction violation 2013 OFAC $32,400
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 Securities USA Inc insurance violation 2011 WA-INS $7,000
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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