HSBC
British multinational bank group
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| 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. |
| 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 | HSBC becomes the last international bank with retail banking operations in the Philippines following Citibank's exit from the market. |
| 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. |
| 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 | 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. |
| 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 divested its retail banking business to Citizens Financial Group, Cathay Bank, and KeyBank, reducing branch locations from 148 to 22. |
| 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. |
| 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 | Reports emerged that HSBC was planning to pull out of all U.S. retail banking and explore selling its remaining 150 branches. |
| 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. |
| 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 2019 | HSBC announced plans to open two new branches in Western New York, part of a broader initiative to open 50 branches in new and existing U.S. markets. |
| 2018 | Steve Banner replaced Mark Watkinson as CEO of the bank, following the launch of the first US Treasury Fund domiciled in Bermuda. |
| 2018 | HSBC rolled out its new HSBC UK brand across all branches, completing the separation of its UK retail banking arm and transferring nearly 14.5 million customers to the new structure. |
| March 31 2018 | End of the eight-year period of identified anti-money laundering system weaknesses at HSBC UK. |
| 2016 | The Office of the Comptroller of the Currency imposed a $35 million fine on HSBC for deceptive billing practices. |
| 2016 | After KeyBank merged with FirstNiagara, the arena was renamed to KeyBank Center. |
| November 2016 | Clara Furse was named as the first Chairwoman of HSBC UK Bank plc. |
| 2015 | HSBC Bermuda sold its Trust and Investment Business operations to N. T. Butterfield & Son. |
| 2015 | Replica lions placed in the lobby of HSBC Centre to celebrate the 150th anniversary of HSBC. |
| 2015 | The company paid $30 million to settle a lawsuit regarding overdraft fees. |
| March 2015 | HSBC announced plans to move its UK retail banking headquarters from London to Birmingham's One Centenary Square by 2018, as part of a Prudential Regulation Authority-overseen ring-fencing programme. |
| 2014 | HSBC closed the bank accounts of North London Central Mosque and several Muslim clients and groups, allegedly due to their donations to Palestine during a recent conflict. The bank claimed the closures were based on risk assessment and not on race or religion, but did not provide specifics about individual account closures. |
| 2012 | HSBC Bank USA started sponsoring jetbridges at Miami International Airport, maintaining this sponsorship until 2019. |
| 2012 | The U.S. government uncovered significant anti-money laundering failures by HSBC, revealing the bank had facilitated the laundering of at least $881 million in drug proceeds through the U.S. financial system. |
| December 2012 | HSBC paid a record $1.9 billion fine for laundering over $881 million in drug cartel money, specifically involving the Sinaloa cartel, and violating anti-terrorism sanctions. |
| July 2011 | HSBC sold 195 branches in upstate New York to First Niagara Financial Group for $1 billion, effectively divesting the core of the old Marine Midland Bank. |
| February 11 2011 | HSBC sent a letter to an unspecified number of recipients acknowledging a potential compromise of former account information, offering a year's enrolment to ITAC Sentinel and advising customers to monitor their credit profiles for potential fraud. |
| 2010 | HSBC Bank USA began sponsoring jetbridges at Los Angeles International Airport, continuing until 2020. |
| 2010 | HSBC Bank USA was rated the worst in customer advocacy by Forrester Research in a national survey of approximately 4,500 banking customers. The bank received a 16% rating, which was 10% lower than the previous year, indicating extremely low customer trust. |
| March 31 2010 | Start of an eight-year period where HSBC UK demonstrated serious weaknesses in its anti-money laundering transactional monitoring systems. |
This contents of the box above is based on material from the Wikipedia articles HSBC Bank Bermuda, HSBC Bank USA, HSBC Bank Argentina, HSBC UK, HSBC (Hong Kong) & HSBC Building (Hong Kong), which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.