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.


retail banking, corporate banking, investment banking, mortgage loans, private banking, wealth management, credit cards, finance and insurance


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$9,118,8612

(April 19, 2021) 

Number of Records
Total Penalties
$6,510,744,407 (April 19, 2021)
Individual Records & Summaries
HSBC Violation Tracker
Information in this section is drawn from the Violation Tracker database produced by the Corporate Research Project of Good Jobs First in Washington DC. It is the most comprehensive source of data on business violations of laws and regulations in the United States. For specific examples of misconduct, please click on the links.


Article Archive

HSBC helped oil and gas industry raise $47bn despite net-zero pledge

Published by
The Bureau of Investigative Journalism
Josephine Moulds

The bank's work for businesses expanding production of fossil fuels is a stark contrast to its climate change promises

We expose injustice and spark change. Help change the world by becoming a Bureau Insider

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Banking on Climate Chaos

Published by
Rainforest Action Network
Rainforest Action Network

This report analyzes fossil fuel financing from the world’s 60 largest commercial and investment banks — aggregating their leading roles in lending and underwriting of debt and equity issua

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HSBC probed by SEC over Asia hiring practices

Published by
Martin Arnold in London and Don Weinland in Hong Kong

HSBC is being investigated by US authorities over its hiring of people linked to Asian governments, adding to the bank’s litigation worries, which helped to drag it to a fourth-quarter loss.

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HSBC sued over Mexico drug cartel murders

Published by
Bryan Harris in Hong Kong

The families of several US citizens killed at the hands of some of Mexico’s most notorious drug cartels are suing HSBC, claiming the bank can be held liable as it allowed the syndicates to launder billions of dolla

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Hong Kong company sorry after 'vacuum cleaner for her' HSBC Valentine offer

Published by
Sinead Cruise, Lawrence White

By ,

3 Min Read

LONDON (Reuters) - Hong Kong telecoms company HKT apologized after a Valentine’s day deal it sent to HSBC staff offering discounted laptops “for him” but vacuum cleaners and kitchen appliances “for her” angered employees over its sexist implications.

Read more
Videos & Podcasts
Climate activists shatter windows at London HSBC
NUBE protests against human rights violations by HSBC
Himpunan Hijau shears credit cards in HSBC protest


  • A Big Deal? Corporate Social Responsibility and the Finance Sector in Europe (CORE Coalition, December 2005).
  • Farming Money: How European Banks and Private Finance Profit from Food Speculation and Land Grabs (Friends of the Earth Europe, January 2012).
  • Shaping the Future of Sustainable Finance (WWF and BankTrack, January 2006)
  • The Banks and Society: Rebuilding Trust (Ecumenical Council for Corporate Responsibility, March 2011).
  • Too Big to Jail: Inside the Obama Administration's Decision not to Hold Wall Street Accountable (Republican Staff of the House Committee on Financial Services, July 2016).
  • U.S. Vulnerabilities to Money Laundering, Drugs, and Terrorist Financing: HSBC Case History (U.S. Senate Permanent Subcommittee on Investigations, July 2012).
  • Undue Diligence: How Banks Do Business with Corrupt Regimes (Global Witness, March 2009).


Recent & Ongoing Campaigns
Lawmakers challenge HSBC on Hong Kong activist's accounts

Reuters | February 7, 2021

An international coalition of lawmakers has written to HSBC Holdings Chairman Mark Tucker, calling on the bank to unfreeze Hong Kong pro-democracy activist Ted Hui’s accounts.

Hong Kong protest fallout hits HSBC and the London Stock Exchange

Laura He | CNN Business | January 2, 2020

Two of the United Kingdom's leading financial institutions are being caught up in the political fallout from months of pro-democracy protests in Hong Kong.

HSBC, one of the world’s ten biggest banks, has long been addicted to fossil fuels.

Unite the Union | April 8, 2019

Members of Unite the union will be protesting outside the HSBC annual general meeting (AGM) on Friday (12 April) about the bank’s refusal to give them pensions' justice.

HSBC grilled over complicity in human rights abuse

Ethical Consumer | April 24, 2018

HSBC’s annual general meeting on Friday was attended by activists from War on Want and the Palestine Solidarity Campaign, asking the bank about its business dealings with companies selling weapons and military equipment to Israel.

Campaigners to demonstrate outside HSBC AGM demanding pensions' justice

Published by Market Forces

If built, the Adani Group’s Carmichael coal mine in Australia’s Galilee Basin will open up billions of tonnes of thermal coal that once burnt will release millions of tonnes of carbon emissions annually, wrecking our hopes to avoid the worst of climate change.

Major Investigations
& Lawsuits
HSBC's Secret Files: The Inside Tale Of What Happened After It Apologized For Being Dirty

FinCen Files Team | BuzzFeed News | September 21, 2020

HSBC, Europe’s largest bank, had just been caught allowing a network of drug kingpins, including the notorious Joaquín “El Chapo” Guzmán, to launder more than $880 million through its accounts.

HSBC has confirmed it is to pay US authorities $1.9bn (£1.2bn) in a settlement over money laundering, the largest paid in such a case.

FinCen Files Team | BBC News | September 20, 2020

HSBC has confirmed it is to pay US authorities $1.9bn (£1.2bn) in a settlement over money laundering, the largest paid in such a case.

HSBC busted for moving dirty money

Jonathan Stempel | Reuters | January 10, 2019

HSBC Holdings Plc has agreed to pay $30 million to settle litigation by investors who accused 11 big banks of rigging the roughly $9 trillion government agency bond market from 2009 to 2015.

HSBC to pay $765 million to settle U.S. mortgage securities mis-selling claim

Reuters | October 9, 2018

HSBC on Tuesday said it would pay $765 million to the United States Justice Department to settle claims it mis-sold mortgage-backed securities between 2005 and 2007.

HSBC to pay $470 million to resolve mortgage servicing probe by U.S. government, states

Sarah N. Lynch | Reuters | February 5, 2016

HSBC Holdings Plc will pay $470 million to settle parallel U.S. federal and state civil charges alleging the bank’s mortgage servicing arm engaged in abusive foreclosure and loan origination practices, government officials announced on Friday.

HSBC to pay $600m for Safra fraud

Jeane Treanor | The Guardian | December 17, 2001

HSBC yesterday pleaded guilty in a US federal court to criminal charges concerning a multi-million fraud which took place inside the Edmund Safra financial business it bought two years ago.

Employment Practices
NUBE protests against human rights violations by HSBC

Mohamed Basyir | The Straits Times | December 15, 2018

National Union of Bank Employees (NUBE) members held a picket today outside the HSBC Bank Malaysia Queensbay branch to protest against alleged injustice toward its employees.

HSBC announce plans for up to 50,000 job cuts worldwide as the company ‘pivots’ towards Asian markets

The World Weekly | June 9, 2015

HSBC, the world’s third largest bank, has announced plans to cut about 10% of its global workforce in order to shift capital away from low return activities and to redeploy it in the higher growth markets of Asia.

HSBC sued over 'anti-gay' dismissal

Helen Dunne | The Guardian | April 16, 2005

In the City's first case of homosexual harrassment, the former global head of equity trading at HSBC is suing the investment bank for 'unfair dismissal on grounds of sexual orientation' after it fired him for 'gross personal misconduct'.


Corporate Headquarters
8 Canada Square Canary Wharf, London E14 5HQ UK
Most Recent Gross Revenue
$43.282 billion (2019) | source
Most Recent Net Revenue
$5.969 billion (2019) | source
Stock Exchange Tickers

Note: Lists may not be complete.

Croctail Subsidiary Tool using the CorpWatch API - This API uses automated parsers to extract the subsidiary relationship information from Exhibit 21 of companies' 10-K filings with the SEC.

Major Shareholders

Click here for the latest list

Political Influence Profile of HSBC Holding

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Subsidy Tracker
Subsidy Tracker
Subsidy Tracker is a project of Good Jobs First in Washington DC. It is the most comprehensive source of data on state and federal subsidies in the United States. For more details, click on the links.
Click here for details of subsidies received by HSBC
Tax Havens
& Evasion
HSBC Swiss unit to pay $192 million in latest U.S. tax evasion deal

Jon Miller | Reuters | December 10, 2019

The Swiss private banking unit of HSBC Holdings Plc will pay $192.4 million to resolve a U.S. probe of its role in helping wealthy Americans evade taxes by using undeclared Swiss bank accounts, the U.S. Department of Justice said on Tuesday.

HSBC to pay €300m to settle tax investigation

The BBC | November 15, 2017

HSBC has agreed to pay €300m ($353m; £266m) to French authorities to settle a long-running investigation into tax evasion by French clients.

HSBC bank 'helped clients dodge millions in tax'

The BBC | February 10, 2015

Banking giant HSBC helped wealthy clients across the world evade hundreds of millions of pounds worth of tax, the BBC has learned.


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