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Company: HSBC
Current Parent Company:
HSBC
Parent at the Time of the Penalty Announcement:
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Penalty: $765,000,000
Year: 2018
Date: October 9, 2018
Offense Group: financial offenses
Primary Offense: toxic securities abuses
Secondary Offense: investor protection violation
Mega-Scandal:
Toxic Securities
Violation Description: HSBC agreed to pay $765 million to settle claims related to its packaging, securitization, issuance, marketing and sale of residential mortgage-backed securities between 2005 and 2007.
Level of Government: federal
Action Type: agency action
Agency: U.S. Attorney-District of Colorado
Civil or Criminal Case: civil
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:
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Archived Source:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.
