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The bank paid a $1.9 billion fine and entered into a 5-year Deferred Prosecution Agreement with the US Department of Justice. In 2008, HSBC have been accused of ‘cultural insensitivity’ in an advertising campaign featuring an overweight white man dressed to look like a Sumo wrestler. The campaign upset members of Britain’s Japanese community who claimed the man’s skin tone was darkened and makeup was applied to narrow his eyes. HSBC denied producing the model appear to be from a specific country or region but admitted makeup was applied and skin tone was tanned. The Hongkong and Shanghai Banking Corporation...

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