Saturday, Oct 22nd

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.


Most Recent Related Stories...

Egyptian court confirms 20-year prison sentence for ex-president Mohamed Morsi

Morsi sentencedAn Egyptian appeals court upheld a 20-year prison sentence Saturday for ousted President Mohamed Morsi, convicted...

Egypt: Senior military official shot dead in Cairo

Egyptian general assassinatedA senior Egyptian army officer was shot dead outside his home in a Cairo suburb, AFP...

Cameroon train crash death toll as high as 73, rescuers say

Cameroon train crashThe death toll from an overloaded train that derailed in Cameroon has risen, rescue workers and...

Gunfire, blasts as ISIL attacks Kirkuk amid Mosul push

ISIL attacks KirkukISIL fighters have attacked multiple targets in and around the oil-rich city of Kirkuk, in a...
America's # 1 Enemy
Tee Shirt
& Help Support!
TVNL Tee Shirt
Conserve our Planet
& Help Support!
Get your 9/11 & Media
Deception Dollars
& Help Support!
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!