Violation Tracker Parent Company Summary
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:
$6,512,909,407
Number of records:
64
| Top 5 Offense Groups (Groups Defined) | Penalty Total | Number of Records |
|---|---|---|
| financial offenses | $5,466,462,775 | 35 |
| competition-related offenses | $944,000,000 | 3 |
| employment-related offenses | $79,042,188 | 14 |
| consumer-protection-related offenses | $13,331,500 | 8 |
| government-contracting-related offenses | $9,118,861 | 2 |
| Top 5 Primary Offense Types | Penalty Total | Number of Records |
|---|---|---|
| toxic securities abuses | $1,322,750,000 | 4 |
| banking violation | $1,287,500,000 | 7 |
| anti-money-laundering deficiencies | $1,256,000,000 | 1 |
| mortgage abuses | $999,700,000 | 6 |
| fraud | $669,000,000 | 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 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:
Individual Penalty Records:
Click on the company or penalty amount for more information on each case.
| 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 |
| 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-DFPI | $8,900,000 |
| HSBC | False Claims Act and related | 2020 | CA-AG | $7,000,000 |
| 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 Securities (USA) | investor protection violation | 2010 | FINRA | $1,500,000 |
| 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 |
| HSBC Securities (USA) Inc. | investor protection violation | 2010 | FINRA | $375,000 |
| HSBC Brokerage | investor protection violation | 2007 | FINRA | $250,000 |
| 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 |
| HSBC | employment discrimination | 2020 | NY-NYCCHR | $30,000 |
| 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 SECURITIES USA INC | insurance violation | 2021 | WA-INS | $10,000 |
| 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 |
