TV News LIES

Tuesday, Jul 22nd

Last update01:59:02 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...


MH17 plane crash: Ukraine rebels hand over black boxes

Black boxes handed overRebels in eastern Ukraine have handed over two flight-data recorders from the downed MH17 plane to...

Train with plane crash bodies leaves rebel town

train with crash bodieA refrigerated train carrying Malaysia Airlines victims' bodies pulled away Monday from a rebel-held town in...

UN Security Council Unanimously Approves Resolution For Unhindered Access To MH17 Crash Site

UN Security CouncilThe U.N. Security Council Monday unanimously adopted a resolution drafted by Australia calling for a complete...

Gaza crisis: Palestinian death toll climbs past 500 as hospital is hit

gaza hospital hitThe Palestinian death toll in the conflict between Hamas and Israel reached 548 on Monday as...
 
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!