HSBC
bank
Is HSBC Ethical?
HSBC is a British bank founded in colonial Hong Kong, which has been fined over $2 billion by various governments for providing services to money laundering groups [1][2][3], has assisted Iran and North Korea in circumventing US nuclear-weapons sanctions [4], and has been fined over $600 million for tax avoidance [5]. HSBC has made sustainability pledges such as to end financing of coal power [6][7], but has also invested billions in oil and gas and been accused of greenwashing [8].
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