HSBC México

HSBC México, S.A., the principal operating company of Grupo Financiero HSBC, S.A. de C.V., is one of Mexico’s four largest banking and financial service companies, with 1,400 branches and 5,200 ATMs. HSBC purchased Banco Internacional, S.A. known as Bital, in November 2002, several years after Bital participated in the controversial Fobaproa, which rescued the nation's banks from the 1994 crisis, at the cost of the Mexican taxpayers.

This article is about the bank in Mexico. For the global HSBC Group, see HSBC. For other individual entities of the group, see HSBC Bank.
HSBC México
Company typeSubsidiary
IndustryFinance and Insurance
Founded1941 (1941)
HeadquartersHSBC Tower, Mexico City, Mexico
Key people
Nuno Matos (CEO)
ProductsFinancial services
Number of employees
22,000
ParentHSBC
Websitewww.hsbc.com.mx

HSBC's Mexico headquarters are at Torre HSBC on the Paseo de la Reforma near the Angel of Independence in Colonia Cuauhtémoc, Cuauhtémoc, Mexico City.

In July 2012, the US Senate accused HSBC of breaching safeguards that should have stopped the laundering of money from Mexico. HSBC had laundered over $800 million dollars for the Sinaloa cartel and the Norte del Valle cartel. HSBC agreed to pay a 1 Billion dollar fine and separate itself from former executives Sandy Flockhart and Michael Geoghegan.

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