Subsidy Tracker Parent Company Summary
Parent Company Name:
HSBC
Ownership Structure:
publicly traded (ticker symbol HSBC)
Headquartered in:
United Kingdom
Major Industry:
financial services
Specific Industry:
banking
| Subsidy Summary | Subsidy Value | Number of Awards |
|---|---|---|
| State/Local | $11,264,789 | 28 |
| Federal (grants and allocated tax credits) | $700,000 | 1 |
| TOTAL | $11,964,789 | 29 |
| Loan / Bailout Summary | Total Face Value | Number of Awards |
| State/Local loans, bond financing and venture capital | $0 | 0 |
| Federal loans, loan guarantees and bailout assistance (not including repayments) | $14,950,698,079 | 22 |
| TOTAL | $14,950,698,079 | 22 |
Time Period for State and Local Awards:
Earliest year of data: 1997. Availability of data for earlier years varies greatly from program to program. The majority of the listings for this parent company are for the period since 2007.
Time Period for Federal Awards:
FY2000 to the present
Notes:
Dollar totals do not include awards for which no subsidy value is disclosed.
Links:
| Top 5 States for state/local awards | Total Subsidy $ | Number of Awards |
|---|---|---|
| New York | $7,262,667 | 22 |
| Florida | $3,060,000 | 2 |
| California | $907,741 | 2 |
| Delaware | $34,381 | 2 |
Individual Subsidy Records:
Click on the company name for more information on each subsidy award.
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| Company | Location | Subsidy Source | Year |
Subsidy Value |
Loan/Bailout Value | Type of Subsidy |
|---|---|---|---|---|---|---|
| HSBC Bank USA | New York | state | 2001 | $3,100,000 | enterprise zone | |
| Household International | Florida | state | 2002 | $1,560,000 | tax credit/rebate | |
| HSBC Mortgage Services | Florida | state | 2005 | $1,500,000 | tax credit/rebate | |
| HSBC Bank, USA | New York | local | 2006 | $1,246,122 | tax credit/rebate; property tax abatement | |
| HSBC Bank USA National Association | New York | local | 2007 | $1,082,578 | tax credit/rebate; property tax abatement | |
| HSBC Bank USA | New York | state | 2002 | $929,000 | enterprise zone | |
| HSBC Bank USA, N.A. | United States | federal | 2009 | $700,000 | federal grant | |
| HSBC CARD SERVICES, INC. | California | state | 2010 | $454,400 | training reimbursement | |
| HSBC CARD SERVICES, INC. | California | state | 2008 | $453,341 | training reimbursement | |
| HSBC Bank USA | New York | state | 2003 | $189,453 | enterprise zone | |
| HSBC Bank, USA | New York | local | 2004 | $189,077 | tax credit/rebate; property tax abatement | |
| 191 Park Club Lane, LLC-HSBC | New York | local | 2009 | $81,324 | tax credit/rebate; property tax abatement | |
| 191 Park Club Lane, LLC-HSBC | New York | local | 2008 | $54,425 | tax credit/rebate; property tax abatement | |
| HSBC Bank Facility Project Data Center | New York | local | 2003 | $44,352 | tax credit/rebate; property tax abatement | |
| HSBC Bank Facility Project Data Center | New York | local | 2004 | $40,933 | tax credit/rebate; property tax abatement | |
| HSBC Bank USA National Association | New York | local | 2009 | $35,965 | tax credit/rebate; property tax abatement | |
| HSBC Bank USA National Association | New York | local | 2010 | $35,668 | tax credit/rebate; property tax abatement | |
| HSBC Bank Facility Project Data Center | New York | local | 2005 | $35,578 | tax credit/rebate; property tax abatement | |
| 191 Park Club Lane, LLC-HSBC | New York | local | 2007 | $35,199 | tax credit/rebate; property tax abatement | |
| 191 Park Club Lane LLC (HSBC Bank Facility Project Data Center) | New York | local | 2006 | $34,505 | tax credit/rebate; property tax abatement | |
| 191 Park Club Lane, LLC-HSBC | New York | local | 2010 | $33,668 | tax credit/rebate; property tax abatement | |
| Beneficial Management Corporation | Delaware | state | 1997 | $32,775 | training reimbursement | |
| HSBC Bank USA National Association | New York | local | 2008 | $31,483 | tax credit/rebate; property tax abatement | |
| HSBC Bank USA National Association | New York | local | 2011 | $24,158 | tax credit/rebate; property tax abatement | |
| HSBC Bank USA National Association | New York | local | 2012 | $22,562 | tax credit/rebate; property tax abatement | |
| HSBC BANK USA | New York | local | 2011 | $7,399 | property tax abatement | |
| REPUBLIC NATIONAL BA | New York | local | 2012 | $4,934 | property tax abatement | |
| 191 Park Club Lane, LLC-HSBC | New York | local | 2011 | $4,284 | tax credit/rebate; property tax abatement | |
| HSBC Bank | Delaware | state | 2006 | $1,606 | training reimbursement | |
| HSBC USA INC. | United States | federal | 2009 | $4,616,910,000 | federal loan or loan guarantee | |
| HSBC Holdings PLC | United States | federal | 2009 | $1,988,800,000 | federal loan or loan guarantee | |
| HSBC BANK USA NA | United States | federal | 2008 | $1,000,000,000 | federal loan or loan guarantee | |
| HSBC BANK USA NA | United States | federal | 2008 | $1,000,000,000 | federal loan or loan guarantee | |
| HSBC BANK USA NA | United States | federal | 2009 | $1,000,000,000 | federal loan or loan guarantee | |
| HSBC Securities (USA) Inc. | United States | federal | 2008 | $567,500,000 | federal loan or loan guarantee | |
| HSBC BANK USA NA | United States | federal | 2008 | $500,000,000 | federal loan or loan guarantee | |
| HSBC BANK USA NA | United States | federal | 2008 | $500,000,000 | federal loan or loan guarantee | |
| HSBC Holdings PLC | United States | federal | 2008 | $497,300,000 | federal loan or loan guarantee | |
| HSBC Securities (USA) Inc. | United States | federal | 2009 | $312,200,000 | federal loan or loan guarantee | |
| HSBC Securities (USA) Inc. | United States | federal | 2009 | $310,700,000 | federal loan or loan guarantee | |
| HSBC Securities (USA) Inc. | United States | federal | 2009 | $306,000,000 | federal loan or loan guarantee | |
| HSBC Securities (USA) Inc. | United States | federal | 2009 | $303,800,000 | federal loan or loan guarantee | |
| HSBC Securities (USA) Inc. | United States | federal | 2008 | $302,700,000 | federal loan or loan guarantee | |
| HSBC Securities (USA) Inc. | United States | federal | 2008 | $294,100,000 | federal loan or loan guarantee | |
| HSBC Securities (USA) Inc. | United States | federal | 2009 | $291,200,000 | federal loan or loan guarantee | |
| HSBC Securities (USA) Inc. | United States | federal | 2009 | $289,400,000 | federal loan or loan guarantee | |
| HSBC Securities (USA) Inc. | United States | federal | 2009 | $288,800,000 | federal loan or loan guarantee | |
| HSBC Securities (USA) Inc. | United States | federal | 2008 | $283,700,000 | federal loan or loan guarantee | |
| HSBC Securities (USA) Inc. | United States | federal | 2008 | $152,000,000 | federal loan or loan guarantee | |
| HSBC Bank USA, National Association | United States | federal | 2009 | $125,688,079 | federal loan or loan guarantee | |
| HSBC Holdings PLC | United States | federal | 2008 | $19,900,000 | federal loan or loan guarantee | |
| HSBC Card Services | California | state | 2006 | undisclosed | training reimbursement |
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