TV News LIES

Wednesday, Oct 22nd

Last update05:18:43 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...


Afghan opium poppy yield hits all-time high

Afghan poppy yieldOpium poppy cultivation in Afghanistan has hit an all-time high despite years of counter-narcotics efforts that...

Jews buy homes in contested Arab area of Jerusalem

Selwan, JerusalemResidents of a hotly contested part of east Jerusalem said armed Israeli guards moved into two...

Ultra-Orthodox Jews attack Jerusalem buses over ad

Ultra orthodox Jews attack busesDozens of ultra-Orthodox Jews hurled stones and slashed the tires of buses bearing ads promoting female...

Gaza plan 'relieves Israel of responsibility'

gaza PlanA massive U.N.-supervised project to rebuild Gaza got underway earlier last week, but officials in Gaza...
 
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!