Company Directory - HSBC Bank USA
Company Details - HSBC Bank USA
HSBC Bank USA
HSBC Bank USA is a global banking and financial services organization that provides a range of financial products and services, including personal and commercial banking, wealth management, and investment solutions.
CCI Score
CCI Score: HSBC Bank USA
-22.45
0.01%
Latest Event
HSBC North America Federal PAC Political Profile
The OpenSecrets PAC profile for HSBC North America Federal PAC highlights HSBC Bank USA's active involvement in political contributions and lobbying efforts. From a progressive, anti-authoritarian perspective, such corporate political engagement raises concerns about the impact of corporate money on democratic accountability.
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ACCOMPLICE
HSBC Bank USA is currently rated as an Accomplice.
Latest Events
- MAR272025
The OpenSecrets PAC profile for HSBC North America Federal PAC highlights HSBC Bank USA's active involvement in political contributions and lobbying efforts. From a progressive, anti-authoritarian perspective, such corporate political engagement raises concerns about the impact of corporate money on democratic accountability.
-20
Political Contributions and Lobbying Efforts
March 27
The profile documents the operation of HSBC North America Federal PAC, indicating that HSBC Bank USA is channeling corporate funds into political contributions and lobbying. Such activities can amplify corporate influence in politics and may undermine democratic processes, aligning with concerns from an anti-fascist perspective.
- DEC312024HSBC Lobbying Spending 2024
-38.83
HSBC Holdings spent $1,977,000 on lobbying during 2024, an indication of significant corporate attempts to influence the political process. From an anti‐fascist perspective, such high spending raises concerns about the use of corporate power to shape policy in ways that can entrench undemocratic practices.
-40
Political Contributions and Lobbying Efforts
March 27
The reported lobbying expenditure of nearly $2 million reflects an effort to shape political outcomes that may undermine democratic accountability and fuel authoritarian practices. From an anti-fascist lens, extensive lobbying activity is seen as problematic when it potentially supports policies that serve corporate interests over public welfare.
- DEC312024
The OpenSecrets profile reveals that HSBC Holdings, related to HSBC Bank USA, engaged in significant political activities during the 2024 cycle. The data shows $270,236 in campaign contributions and $1,977,000 spent on lobbying, along with a high incidence of former government officials among its lobbyists (16 out of 20 in 2023 and 12 out of 15 in 2024). These factors raise concerns about the company’s influence over public policy through political contributions and the revolving door phenomenon.
-50
Political Contributions and Lobbying Efforts
March 27
HSBC’s reported lobbying expenditure of $1,977,000 and campaign contributions totaling $270,236 in the 2024 cycle indicate a deliberate use of financial resources to influence political outcomes. This activity falls under Political Contributions and Lobbying Efforts and reflects a pattern that undermines democratic accountability and favors corporate influence over policy, aligning with concerns about authoritarianism.
-40
Executive Political Engagement
March 27
The profile highlights a pronounced revolving door dynamic, with a large portion of HSBC Holdings' lobbyists coming from previous government employment. This Executive Political Engagement trend raises red flags about the blending of corporate and governmental interests, potentially eroding democratic oversight and contributing to authoritarian influence.
- AUG072023
HUD is investigating HSBC Bank USA over allegations of engaging in redlining practices by denying adequate lending services in majority Black and Hispanic neighborhoods across six metropolitan areas from 2018 to 2021, reflecting potential unethical business practices and systemic discrimination.
-70
Business Practices and Ethical Responsibility
March 27
The investigation into HSBC Bank USA highlights claims of discriminatory lending (redlining) in predominantly minority neighborhoods, which constitutes unethical business practices and may contribute to systemic economic exclusion and structural racism. This negative behavior undermines ethical standards expected from a global financial institution.
HUD Investigates HSBC's U.S. Unit Over Redlining Allegations
- AUG032023
HSBC Bank USA is under investigation by HUD for alleged redlining practices that may have led to discriminatory lending in majority Black and Hispanic neighborhoods across six metropolitan areas between 2018 and 2021, following a complaint filed by the National Community Reinvestment Coalition (NCRC).
-70
Business Practices and Ethical Responsibility
March 27
The investigation into alleged redlining underscores unethical business practices tied to discriminatory lending, which disproportionately harms marginalized communities. This action reflects negatively on the company's adherence to responsible business practices and ethical standards.
- DEC312022
Data from OpenSecrets indicates that HSBC North America PAC contributed about $61,000 to federal candidates during the 2021-2022 cycle, with roughly 59.84% going to Democratic candidates and the remainder to Republicans. This political engagement reveals the PAC’s role in influencing electoral outcomes.
+20
Political Contributions and Lobbying Efforts
March 27
HSBC North America PAC’s contribution pattern, which favors Democratic candidates, suggests a tilt toward mainstream, progressive political funding. From an anti-fascist perspective, this somewhat positive allocation supports democratic engagement, though the fact that contributions are split indicates ambivalence. Overall, the political contributions modestly counter authoritarian tendencies.
HSBC North America PAC Contributions to Federal Candidates • OpenSecrets
- FEB222022
On 22 February 2022, HSBC published its comprehensive Human Rights Statement outlining its commitments to upholding human rights across its operations, including policies for employee inclusion, supplier ethics, anti-discrimination measures, and ethical use of technology.
+70
Labor Relations and Human Rights Practices
March 27
The statement details robust policies for employee treatment, anti-discrimination, and workplace inclusion, indicating a strong commitment to labor relations and human rights practices which align with anti-fascist principles.
+60
Supply Chain Ethics
March 27
HSBC outlines clear ethical standards for its supply chain, requiring suppliers to adhere to human rights norms and providing for audits and contract clauses to enforce these standards. This proactive stance is consistent with progressive, anti-authoritarian practices.
Alternatives
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14.81
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-26.32
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47.36
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0.27
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0.00
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-3.85
Montreal, Canada
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London, United Kingdom
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Industries
- 522110
- Commercial Banking
- 524126
- Direct Property and Casualty Insurance Carriers
- 523110
- Investment Banking and Securities Dealing
- 523120
- Securities Brokerage
- 522120
- Savings Institutions