TV News LIES

Friday, Feb 12th

Last update05:20:13 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...


World powers agree Syria ceasefire, says John Kerry

Syria ceas-fire announcedWorld powers meeting on Syria have agreed to seek a nationwide "cessation of hostilities" within a...

52 killed in riot at northern Mexico prison

52 dead in Mexican prison riotFifty-two inmates were killed and 12 injured in a brutal fight between two rival factions at...

Vatican: Bishops not required to report abuse to police

Vaticann not reaquired to report abuseA newly released Catholic church document tells bishops they don't have to report clerical child abuse...

Twin suicide bombings kill scores at Nigeria refugee camp

Boko Haram kills dozens in refugee campMass burials were held in Nigeria on Wednesday after two female suicide bombers detonated explosives in...
 
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!