HSBC
British multinational bank group
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| May 2025 | HSBC announced that chair Mark Tucker would retire by the end of 2025 after an eight-year tenure. |
| January 2025 | HSBC announced closure of investment banking units in Europe, UK, and US as part of restructuring, expected to bring $1.8 billion in cost savings by end of 2026. |
| December 6 2024 | At 7:00 p.m., HSBC Argentina disconnected from the global HSBC Group network and began switching to the Galicia Más brand, officially ending its 32-year presence in Argentina. |
| November 26 2024 | HSBC Argentina announced the final stage of acquisition and upcoming change of commercial brand, scheduled for December 6, 2024. |
| September 2024 | Georges Elhedery succeeded Noel Quinn as Group Chief Executive. |
| April 9 2024 | HSBC reported the sale of its entire business in Argentina to Grupo Financiero Galicia and Galicia Bank for $550 million, which includes the Bank, Asset Management, insurance company, and $100 million in subordinated debt. |
| 2023 | An all-party parliamentary group released a report finding HSBC complicit in human rights abuses by cutting off pension plans for those who fled the anti-democratic crackdown in Hong Kong. |
| 2023 | HSBC withdrew consumer retail banking from Oman and Greece, and sold its business in Greece. |
| 2023 | HSBC becomes the last international bank with retail banking operations in the Philippines following Citibank's exit from the market. |
| June 2023 | HSBC announces plans to exit its world headquarters at 8 Canada Square in Canary Wharf, London, with intentions to move to a building near St Paul's Cathedral when the current lease expires in 2027. |
| June 2023 | HSBC closed the bank accounts of the pro-democracy political party League of Social Democrats (LSD) without providing a specific reason for the account closures. |
| March 13 2023 | HSBC UK agreed to acquire Silicon Valley Bank's UK subsidiary for £1 in a rescue deal, subsequently renaming it HSBC Innovation Bank Limited and establishing the HSBC Innovation Banking brand. |
| February 2023 | HSBC announced closing 114 branches in the United Kingdom due to increased online banking usage. |
| 2022 | Zhou Guanyu, the first Chinese F1 driver, became an ambassador for HSBC's Chinese subsidiary. |
| 2022 | China contributed 44% of HSBC's total profits, highlighting the bank's significant Asian market presence. |
| November 2022 | HSBC announced its intention to exit the Canadian market, with Royal Bank of Canada set to acquire HSBC Canada for $13.5 billion. |
| October 2022 | The Advertising Standards Authority (ASA) banned two HSBC advertisements for being misleading about the company's climate change reduction efforts. |
| September 2022 | HSBC's naming rights for jet bridges at John F. Kennedy International Airport expired, with American Express taking over naming rights for terminals 1 and 4. |
| July 2022 | Stuart Kirk resigned from his position at HSBC, criticizing 'cancel culture' in a LinkedIn post related to his suspension. |
| July 2022 | HSBC became the first foreign lender to open a Chinese Communist Party (CCP) committee in its Chinese investment banking subsidiary, HSBC Qianhai Securities, which is 90% owned by HSBC. |
| June 2022 | HSBC announced its intention to sell its business in Russia, with an expected loss of $300 million. |
| May 2022 | Stuart Kirk, HSBC's global head of responsible investing, was suspended after making controversial comments downplaying climate change concerns during a speech. |
| April 2022 | Citizens Bank completed the acquisition of 80 HSBC branches across multiple states, with HSBC's 10 West Coast branches expected to be sold to Cathay Bank. 35-40 branches were planned to be closed entirely. |
| 2021 | HSBC banker Ian Clarke raised allegations of systemic racism within the organization, highlighting failures in retaining and promoting black and ethnic minority staff, and a lack of diverse representation in senior positions. Clarke resigned shortly after making these claims. |
| 2021 | HSBC was fined 174.3 million euros by EU antitrust regulators for foreign exchange market rigging through an online chat room called 'Sterling Lads', where bank employees exchanged sensitive information and trading plans. |
| 2021 | HSBC divested its retail banking business to Citizens Financial Group, Cathay Bank, and KeyBank, reducing branch locations from 148 to 22. |
| December 2021 | HSBC was fined 64 million pounds by British regulators for anti-money laundering process failings spanning eight years. |
| December 2021 | Financial Conduct Authority (FCA) fined HSBC Bank plc £63.9m for 'unacceptable failings' in its UK anti-money laundering operations. The original fine was £91m but was reduced due to HSBC not disputing the findings. |
| July 2021 | HSBC disclosed a suspected money laundering network from 2016 that received $4.2 billion in payments. |
| June 2021 | Peter Wong became the non-executive chairman of HSBC, and David Liao and Surendra Rosha were appointed as co-chief executives. |
| May 26 2021 | HSBC officially announced its decision to abandon the United States retail market as part of a strategic pivot to Asia. |
| February 2021 | Over 50 members of the Inter-Parliamentary Alliance on China called for the immediate unfreezing of funds belonging to Ted Hui and his family. |
| February 2021 | A judge ruled that Mark Johnson would not need to report to prison until he is vaccinated against COVID-19. |
| February 2021 | Reports emerged that HSBC was planning to pull out of all U.S. retail banking and explore selling its remaining 150 branches. |
| January 2021 | HSBC's CEO defended the bank's relationship with Chinese authorities in Hong Kong and the freezing of Ted Hui's account before the UK's parliamentary foreign affairs committee. |
| January 2021 | HSBC announced the closure of 82 branches in Britain. |
| 2020 | HSBC disclosed potential breaches of Australia's anti-money laundering laws to AUSTRAC. |
| 2020 | HSBC merged two of its business lines - Retail Banking and Wealth Management & Global Private Banking - to form a new business unit called Wealth and Personal Banking. |
| November 2020 | The U.S. Supreme Court declined to hear Mark Johnson's appeal of his 2017 conviction, meaning he would have to return to the U.S. to serve his sentence. |
| October 2020 | HSBC was fined approximately $2.2 million over the Euribor rate scandal in Switzerland. |
| October 2020 | HSBC committed to achieving zero-emission by 2050 and pledged to provide 750–1,000 billion dollars to help clients transition to carbon neutrality. |
| September 2020 | The FinCEN Files investigation exposed HSBC's involvement in moving approximately $900 million of dirty money from shell companies linked to criminal networks, despite internal compliance warnings about the sources of nearly $1.5 billion in suspect transactions. |
| August 2020 | HSBC began freezing accounts of pro-democratic organizations and activists, including Jimmy Lai, Ted Hui, and the Good Neighbour North District Church. |
| June 2020 | HSBC publicly backed Beijing's national security law for Hong Kong, with chief executive Peter Wong signing a petition supporting the law on the eve of the Tiananmen Square protests anniversary. |
| March 2020 | Noel Quinn was permanently appointed as Group Chief Executive. |
| February 2020 | Reuters reported HSBC Holdings would shed $100 billion in assets, shrink its investment bank, and plan to close around a third of its 224 U.S. branches, targeting only international and wealthier clients. |
| January 2020 | HSBC agreed to pay a $2.4 million settlement for a lawsuit related to spam phone calls, which was originally filed in 2015 by customers who claimed they received unsolicited phone calls from the company. |
| 2019 | Noel Quinn replaced John Flint as Group Chief Executive. |
| December 2019 | HSBC Swiss paid a $192 million fine to the United States in connection with the tax avoidance case. |
| August 2019 | Former HSBC Swiss head Peter Braunwalder pleaded guilty in a French court for helping wealthy clients hide $1.8 billion, receiving a $560,000 fine and a one-year suspended jail sentence. |
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This contents of the box above is based on material from the Wikipedia articles HSBC UK, HSBC, HSBC Bank USA, HSBC (Hong Kong) & HSBC Bank Argentina, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.