HSBC has a dual[16] primary listing on the Hong Kong Stock Exchange and London Stock Exchange and is a constituent of the Hang Seng Index and the FTSE 100 Index. Die Demirbank TAS geriet Ende der 1990er Jahre während der Krise des türkischen Bankwesens in finanzielle Probleme und nach der Rettung durch öffentliche Mittel unter staatliche Aufsicht. [120], In September 2018, HSBC announced that Antonio Simoes will replace Peter Boyles as chief executive for global private banking from January 2019. "[213], The bank was reported to have refused large cash withdrawals for customers without a third-party letter confirming what the money would be used for. and Five Star Bank for around $1 billion, and announced the closure of 13 branches in Connecticut and New Jersey. [118], HSBC Private Bank is the marketing name for the private banking business conducted by the principal private banking subsidiaries of the HSBC Group worldwide. HSBCnet is also the brand under which HSBC markets its global e-commerce proposition to its corporate and institutional clients. [211] The bank declined to divulge its clients citing client confidentiality but maintains that the accusations are not accurate. The ICIJ alleges that the bank profited from doing business with corrupt politicians, dictators, tax evaders, dealers of blood diamonds, arms dealers and other clients. HSBC Bank USA, National Association, an American subsidiary of UK-based HSBC, is a bank with its operational head office in New York City and its nominal head office in McLean, Virginia (as designated on its charter). HSBC Holdings' acquisition of Midland Bank was completed in 1992 and gave HSBC a substantial market presence in the United Kingdom. [182][183], In December 2018, The Jerusalem Post reported that HSBC confirmed that the bank would divest from Elbit Systems Ltd., Israel's largest non-government-owned military contractor,[184] active in numerous defence-related industries. [206], From 2009 to 2014, in breach of United States sanctions on Iran, the bank facilitated money transfers in Iran on behalf of the Chinese company Huawei. [2] In 1980, HSBC acquired a 51% shareholding in US-based Marine Midland Bank, which it extended to full ownership in 1987. HSBC DIRECT for business, small | HSBC Bank India", "Worldwide Assistance and Online Premier Banking", "HSBC Appoints Noel Quinn as Permanent CEO", U.S. Vulnerabilities to Money Laundering, Drugs, and Terrorist Financing: HSBC Case History, "Will get to bottom of HSBC staff violating safety norms: Govt on money laundering allegations", "Arvind Kejriwal targets HSBC, Mukesh Ambani over black money", Standard Chartered, HSBC officials caught on camera offering to launder money, "HSBC Jersey accounts investigated by UK tax authorities", AFIP denounces HSBC with money-laundering, tax evasion, HSBC faces new money laundering claims in Argentina, Argentina: HSBC helped launder money, evade taxes, Terrorists and drug lords targeted HSBC, bosses admit, HSBC Hires Tax, Anti-Terror Chiefs for Controls Panel, "HSBC pays out £28m over money-laundering claims", "HSBC to pay $1.9bn in US money laundering penalties", "HSBC to pay record $1.9-billion fine in U.S. money laundering case", "The Guardian – Families of Americans killed by Mexican cartels sue HSBC for laundering billions", "The Untold Story Of What Really Happened After HSBC, El Chapo's Bank, Promised To Get Clean", "HSBC moved vast sums of dirty money after paying record laundering fine", "Here Is How Banks Have Responded To The FinCEN Files Investigation", "CFTC Orders Five Banks to Pay over $1.4 Billion in Penalties for Attempted Manipulation of Foreign Exchange Benchmark Rates", "HSBC, JP Morgan and Crédit Agricole fined €485m by EU", "Barclays, UBS, HSBC Agree To $36M Settlement In Libor Suit", "Switzerland Fines Credit Agricole, HSBC $7.2M Over Euribor", "HSBC faces charges of fraud and money laundering from Belgian state", "HSBC's private banking arm accused of tax fraud by Belgium", "HSBC agrees to 300 mln euro settlement of Belgian tax fraud case: prosecutors", "HSBC to repay Belgium $336m for lost tax revenue", "Daily Telegraph's Peter Oborne urges HSBC coverage review", "HSBC pays 300 million euros to settle investigation of Swiss bank", "Ex-HSBC Swiss Banker Pleads Guilty in $1.8 Billion French Tax Case", "HSBC To Pay $192m Penalty For Helping Americans Evade Taxes", "HSBC Swiss unit to pay $192 million in latest U.S. tax evasion deal", "FBI arrests senior HSBC banker accused of rigging multibillion-dollar deal", "Feds charge HSBC bankers in currency scheme", "U.S. court upholds ex-HSBC executive's conviction for foreign-exchange scheme", "Former HSBC Executive Convicted of Fraud for Front-Running", "Ex-HSBC FX Trader Sentenced to 2 Years, Sent Directly to Prison", "Ex-HSBC Trader Denied Supreme Court Appeal of Fraud Conviction", "Ex-HSBC Banker Can't Skip Prison, But Wins Vaccine Delay - Law360", "HSBC to pay $100 million to settle U.S. probe into currency rigging", "HSBC Holdings Plc Agrees to Pay More Than $100 Million to Resolve Fraud Charges", "Citing human rights, HSBC to divest from Israeli arms developer Elbit - Arab-Israeli Conflict - Jerusalem Post", "PRESS RELEASE: Banking giant HSBC divests from Israeli arms manufacturer following pressure from human rights campaigners", "Not So Fast: HSBC Bank May Not Be Boycotting Israel After All | The Jewish Press - JewishPress.com | Hana Levi Julian | 23 Tevet 5779 – 30 December 2018 | JewishPress.com", "HSBC Agrees To Pay $765 Million In Connection With Its Sale Of Residential Mortgage-Backed Securities", "HSBC to Pay $765 Million to Settle Mortgage-Backed Securities Probe", "DoJ Lets HSBC Off The Hook With $765 Million Settlement Of Legacy Mortgage Issue", "HSBC to pay $765 million to settle U.S. mortgage securities mis-selling claim", "HSBC, StanChart Defy U.K. to Endorse Hong Kong Security Law", "HSBC and Standard Chartered back China's imposition of security law on Hong Kong", "How HSBC got stuck between Beijing's new Hong Kong law and a hard place", "HSBC and StanChart back China security laws for HK", "HSBC Is Navigating Dangerous Waters on Hong Kong", "Raab hits out at HSBC over its support for Hong Kong security laws", "Hong Kong police raid church hours after pastor said HSBC froze accounts", "U.S. slams HSBC over treatment of Hong Kong customers, says China 'bullying' UK", "HSBC boss defends decision to freeze accounts of fugitive ex-lawmaker Ted Hui", "HSBC CEO defends working with Chinese authorities in Hong Kong", "Lawmakers challenge HSBC on Hong Kong activist's accounts", "HSBC urged to unfreeze accounts of Hong Kong activist", "HSBC loses disk with policy details of 370,000 customers", "HSBC fined £3m for 'careless' handling of customer details", "How a National Security Investigation of Huawei Set Off an International Incident", "HSBC and Goldman Sachs held $335m of Libyan state oil money", New leaked document reveals HSBC held $1.4bn of Libyan funds, "In the Future There Will Be No Forests Left", "Log tale – A new investigation accuses HSBC of ignoring its own sustainability policies", "HSBC funding destruction of vast areas of Indonesian rainforest, new report claims", "HSBC imposes restrictions on large cash withdrawals", "HSBC closes some Muslim groups' accounts", "HSBC shuts accounts of Muslim organisations, including Finsbury Park mosque", "HSBC closes three Muslim organisations' accounts", "HSBC angers Muslim leaders by closing account of Finsbury Park Mosque", "HSBC closes bank accounts belonging to Muslim clients in the UK", "Muslim bank accounts closed by HSBC in wake of 'money laundering' fine", "HSBC: the bank that likes to say no to Muslim accounts", "UK Muslim Brotherhood Leader Says HSBC Closes His Bank Accounts; Claims Closures Part Of Action Against Palestinian Activists", "HSBC Bank pays $2.4 million to settle class action over spam calls", "HSBC Named 'Official Banking Partner' of the Open", "HSBC and SOS Children's Villages partnership", Canara HSBC Oriental Bank of Commerce Life Insurance, Deutsche Bank Corporate & Investment Bank, BNP Paribas Corporate & Institutional Banking, Crédit Agricole Corporate & Investment Bank, https://en.wikipedia.org/w/index.php?title=HSBC&oldid=1018035880, Companies listed on the Hong Kong Stock Exchange, Companies based in the London Borough of Tower Hamlets, Companies listed on the London Stock Exchange, Companies listed on the New York Stock Exchange, Systemically important financial institutions, Pages with non-numeric formatnum arguments, Articles with dead external links from June 2017, Articles with dead external links from April 2011, Articles with dead external links from January 2012, Articles with dead external links from May 2016, Short description is different from Wikidata, Articles containing potentially dated statements from August 2020, All articles containing potentially dated statements, Articles containing potentially dated statements from 2019, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License. Customers have a dedicated Premier Relationship Manager, global 24-hour access to call centres, free banking services, and preferential rates. The wordmark was repositioned from left to the right, resized to be smaller, and was switched from Serif to Sans-serif. [32] Under the new name of HSBC Finance, the division was the second largest subprime lender in the United States. In 2010, then-chairman Stephen Green planned to depart HSBC to accept a government appointment in the Trade Ministry. [160], The bank was fined US$275m by the US CFTC in 2014 for taking part in the Forex scandal. "[156] As part of the agreement deferring its prosecution, HSBC acknowledged that for years it had ignored warning signs that drug cartels in Mexico were using its branches to launder millions of dollars, and also acknowledged that HSBC's international staff had stripped identifying information on transactions made through the United States from countries facing economic sanctions such as Iran and Sudan. In 2005, he was chosen as the South Australian representative to audition as lead vocalist for INXS, beating out many hopefuls and finishing in the Australian top 20. [92], In January 2021, HSBC announced that it would be closing 82 branches in Britain and therefore, more than 340 jobs would be cut. It basically infantilises the customer. Then-CEO Stephen Green said that "This was a singular and wholly irresponsible attack on the bank's international compliance procedures", but subsequent investigation indicated that it was accurate and proved that the bank was involved in money laundering for the Sinaloa Cartel and throughout Mexico. Through the accord, HSBC is paying more than $100 million for the title naming rights to all the tournaments. "[186] JewishPress.com reported that multiple sources claimed HSBC's decision was not influenced by the BDS movement but was an "investment decision. HSCC (India) Limited earlier known as Hospital Services Consultancy Corporation Limited is a wholly owned subsidiary of National Buildings Construction Corporation Limited. [193] Human Rights Watch alleged that "the new national security law will deal the most severe blow to the rights of people in Hong Kong since the territory's transfer to China in 1997. [177][175] Mark Johnson was later convicted of nine counts of wire fraud and conspiracy to defraud related to front running the currency trades of HSBC clients and sentenced to two years in federal prison. Die Bank führt auch die Aufsicht über … It is the largest bank in Europe, with total assets of US$2.715 trillion (as of August 2020 ). In 2015 Sarah was involved and competed in the iPop New Faces talent search in Los Angeles, USA. All structured data from the file and property namespaces is available under the Creative Commons CC0 License; all unstructured text is available under the Creative Commons Attribution-ShareAlike License; additional terms may apply. With the benefit of hindsight, this is an acquisition we wish we had not undertaken. [191] HSBC has said in statement that it has been working since the financial crisis to improve its internal controls and culture. [199][200], In January 2021 the CEO of HSBC defended its relationship with Chinese authorities in Hong Kong and freezing of Ted Hui's account to the United Kingdom's parliamentary foreign affairs committee. In November 2006, HSBC announced a $5 million partnership with SOS Children as part of Future First. A warrant was issued for Scott's arrest." "[74] The United States Department of Justice, however, decided not to pursue criminal penalties, a decision which the New York Times labelled a "dark day for the rule of law. He also stated, "Matters that should have been shared and escalated were not shared and escalated. Like many other Hong Kong company flags that originated in the 19th century, and because of its founder's nationality, the design was based on the cross of Saint Andrew. [35] In June 2004 HSBC expanded into China buying 19.9% of the Bank of Communications of Shanghai. HSBC Private Bank, together with the private banking activities of HSBC Trinkaus, known collectively as Group Private Banking, provides services to high-net-worth individuals and their families through 93 locations in some 42 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. [144] In June 2013, a media outlet in India did an undercover expose where HSBC officers were caught on camera agreeing to launder "black money." For feedback or any further enquiries please contact us or connect on social media, HSCC draws on the range of exceptional talent in South Australia, both for the members of its musical ensemble and its guest vocalists. [215][216][217][218][219][220] Several sources report that this was due to money being used to fund Hamas-linked charities during the 2014 Israel–Gaza war. HSBC justified its decision by claiming it "strongly supports observance of international human rights principles as they apply to business. We have said we are profoundly sorry for them, and we do so again. The HSBC Group is a British banking group, that is the second largest in the world. He was fined $560,000 and received a one-year suspended jail sentence. [161] The bank also settled for US$18m in the related Libor scandal and EUR 33m for the Euribor rate scandal (relative to other banks a small amount). [85] In response, HSBC stated that it was against financial crime, and that the case "highlights the need for greater information sharing between the public and private sectors. [36] In the United Kingdom HSBC acquired Marks & Spencer Retail Financial Services Holdings Ltd for £763 million in December 2004. Die Bank ist ein Teil der HSBC Holdings plc und ist eine Tochterfirma der Hongkong and Shanghai Banking Corporation Limited mit Sitz in Hongkong. USD, steht die HSBC laut den Forbes Global 2000 auf Platz 9 der weltgrößten Banken. The hexagon symbol was originally adopted by the Hongkong and Shanghai Banking Corporation as its logo in 1983. [84], On 20 March 2017, the British newspaper The Guardian reported that hundreds of banks had helped launder KGB-related funds out of Russia, as uncovered by an investigation named Global Laundromat. [69][70][71] Among other things, it concluded that HSBC had been transferring $7 billion in banknotes from its Mexican to its US subsidiary (much of it related to drug dealing[72]), was disregarding terrorist financing links[45] and was actively circumventing US safeguards to block transactions involving terrorists, drug lords and rogue regimes, including hiding $19.4 billion in transactions with Iran.