Exposing corporate wrongdoing
Type the name of a company in the search box below. To conduct a wider search, please pick from one (or more) of the drop down menus below.
HSBC (formerly Hong Kong and Shanghai Bank) was founded in 1865. HSBC has been charged on multiple counts of laundering money for groups like the Sinaloa drug cartel via a scheme by which anyone in Mexico was allowed open a U.S.-dollar account at the “Cayman Islands branch” of HSBC Mexico. It has paid out two sets of fines for $249 million and $470 million for abuses in seizing and selling houses whose owners have fallen behind with mortgage repayments, as well as $765 million in fines for its role in the U.S. subprime mortgage crisis. HSBC has also paid out $618 million in fines to the U.K and the U.S. governments for its role in the global foreign exchange rate fixing scandal.