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Violation Tracker Individual Record

Company: HSBC Holdings
Current Parent Company: HSBC
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $175,000,000
Year: 2017
Date: September 29, 2017
Offense Group: financial offenses
Primary Offense: banking violation
Violation Description: The Federal Reserve Board fined HSBC Holdings PLC and HSBC North America Holdings Inc. $175 million for the firm's unsafe and unsound practices in its foreign exchange (FX) trading business.
Level of Government: federal
Action Type: agency action
Agency: Federal Reserve
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: (click here)
Archived Source: (click here)
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.