TV News LIES

Sunday, May 01st

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...


Puerto Rico Will Default on Government Development Bank Debt

Governor of Puerto RicoPuerto Rico's governor will make a televised speech on Sunday ahead of an expected default on...

Protests disband after IS group carries out 2nd Iraq bombing

Iraq car bombingsAnti-government protesters disbanded at least temporarily Sunday from the heavily fortified Green Zone they had stormed...

10 Indonesian hostages in Philippines released by Abu Sayyaf terror group

Indonesian hostages releasedTen Indonesian hostages held since March by the Islamist extremist group Abu Sayyaf in the Philippines...

Bomb attack on Shi'ite pilgrims in Baghdad kills at least 19: sources

Bomb attack on Shi-ite pilgrimsA suicide bomber driving a car killed at least 19 people and wounded 48 others on...
 
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!