HSBC Holdings (HSBA)

Sector:

Banking

Index:

FTSE 100

619.00p
   
  • Change Today:
      4.00p
  • 52 Week High: 659.00
  • 52 Week Low: 549.70
  • Currency: UK Pounds
  • Shares Issued: 18,964m
  • Volume: 18,531,649
  • Market Cap: £117,385m
  • RiskGrade: 167

HSBC fined £63.94m by FCA for anti-money laundering failings

By Iain Gilbert

Date: Friday 17 Dec 2021

LONDON (ShareCast) - (Sharecast News) - British multinational bank HSBC has been fined £63.94m by the Financial Conduct Authority for failings in its anti-money laundering processes.
Although the watchdog acknowledged that HSBC used automated processes to monitor transactions as part of an effort to identify possible financial crime, the FCA said three key parts of the bank's transaction monitoring systems displayed serious weaknesses over a period of eight years from March 2010 to March 2018.

The FCA said HSBC's measures had actually failed to consider all relevant risks until 2014, including appropriately testing and updating parameters within the systems that were used to determine whether a transaction was potentially suspicious, and that the firm had also failed to carry out timely risk assessments for new suspicious transactions until after 2016.

HSBC chose not to dispute the FCA's findings and has agreed to settle at the earliest possible opportunity, meaning it qualified for a 30% discount on the watchdog's originally issued £91.35m penalty.

The fine makes HSBS the first financial institution to face criminal prosecution by the FCA under anti-money laundering laws in the UK.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

HSBC Market Data

Currency UK Pounds
Share Price 619.00p
Change Today 4.00p
% Change 0.65 %
52 Week High 659.00
52 Week Low 549.70
Volume 18,531,649
Shares Issued 18,964m
Market Cap £117,385m
RiskGrade 167

HSBC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
93.39% above the market average93.39% above the market average93.39% above the market average93.39% above the market average93.39% above the market average
29.41% below the sector average29.41% below the sector average29.41% below the sector average29.41% below the sector average29.41% below the sector average
Price Trend
46.51% above the market average46.51% above the market average46.51% above the market average46.51% above the market average46.51% above the market average
52.94% below the sector average52.94% below the sector average52.94% below the sector average52.94% below the sector average52.94% below the sector average
Income
95.71% above the market average95.71% above the market average95.71% above the market average95.71% above the market average95.71% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Growth
62.15% above the market average62.15% above the market average62.15% above the market average62.15% above the market average62.15% above the market average
29.41% above the sector average29.41% above the sector average29.41% above the sector average29.41% above the sector average29.41% above the sector average

What The Brokers Say

Strong Buy 5
Buy 5
Neutral 4
Sell 3
Strong Sell 0
Total 17
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

HSBC Dividends

  Latest Previous
  4th Interim 3rd Interim
Ex-Div 07-Mar-24 09-Nov-23
Paid 25-Apr-24 21-Dec-23
Amount 31.00¢ 10.00¢

Trades for 28-Mar-2024

Time Volume / Share Price
16:39 1,000 @ 619.00p
16:39 500 @ 619.00p
16:39 500 @ 619.00p
16:39 500 @ 619.00p
16:39 28,036 @ 619.00p

HSBC Key Personnel

CEO Noel Quinn

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