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Violation Tracker Individual Record

Company: HSBC Bank PLC
Current Parent Company: HSBC
Penalty: $42,000,000
Year: 2022
Date: May 4, 2022
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Mega-Scandal: Price Fixing
Violation Description: HSBC agreed to pay $42 million to settle its role in multi-district litigation involving price-fixing in the gold market.
Level of Government: federal
Action Type: private litigation
Court: Southern District of New York
Civil or Criminal Case: civil
Case ID: 1:14md2548
Case Name: In Re: Commodity Exchange, Inc., Gold Futures And Options Trading Litigation
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: United Kingdom
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.