As of 6 July 2012 it had a market capitalisation of £102.7 billion, the second-largest company listed on the London Stock Exchange, after Royal Dutch Shell.It has secondary listings on the New York Stock Exchange, Euronext Paris and the Bermuda Stock Exchange.
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Under the chairmanship of Sir John Bond, it spent £9 billion (US.5 billion) to acquire Household Finance Corporation (HFC), a US credit card issuer and subprime lender.
In 2005, Bloomberg Markets magazine accused HSBC of money-laundering for drug dealers and state sponsors of terrorism. Assistant Attorney General Lanny Breuer characterised HSBC compliance during this period as "stunning failures of oversight – and worse ...
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