TV News LIES

Friday, Oct 31st

Last update05:45:03 AM GMT

You are here News International HSBC to announce bonuses totaling $4 billion: report

HSBC to announce bonuses totaling $4 billion: report

E-mail Print PDF

HSBCHSBC will announce staff bonuses totaling just under 2.4 billion pounds ($4 billion) globally for 2013 and is expected to report a significant rise in pretax profit, Sky News reported on its website on Saturday without citing its sources.

Europe's biggest bank is expected on Monday to announce the size of its bonus pool, a sensitive issue as many Britons still blame banks for the 2008 financial crisis after which the state was forced to bail out RBS and Lloyds.

Earlier this month Barclays prompted an angry reaction from politicians and labor unions after it increased its bonuses by 13 percent to 2.4 billion pounds even as it announced plans to axe 12,000 jobs.

Sky quoted an unnamed source saying the rise in variable pay at HSBC would be smaller than its likely increase in earnings.

A spokesman at HSBC declined comment when contacted by Reuters.

More...


Most Recent Related Stories...


Foreign jihadists flocking to Iraq and Syria on 'unprecedented scale' – UN

Jhadists signing upThe United Nations has warned that foreign jihadists are swarming into the twin conflicts in Iraq...

Shutdown of Al-Aqsa mosque a 'declaration of war,' say Palestinian leaders

al Qsa MosqueThe Palestinian leadership has slammed the Israeli shutdown of the Al-Aqsa mosque in the aftermath of...

Sweden recognizes Palestinian state

Sweden recognizes Palestinian stateSweden officially recognized the Palestinian state Thursday, calling it a crucial step in encouraging other countries...

About 100 missing in Sri Lanka mudslide

Sri-Lanka mudslideAbout 100 people are feared dead following a landslide in central Sri Lanka, the government says.The...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!