TV News LIES

Saturday, Apr 18th

Last update03:35:49 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...


Parting the brown sea: Sewage threatens Gaza's access to water

Gaza water hazardUntil very recently, Salameh Abu Kash earned his living as farmer. Abu Kash, a heavyset man...

Amid growing migrant crisis, 20 burn victims rescued at sea

Migrants rescuedThe unabated flow of migrants fleeing instability in Libya brought a new horror on Friday: The...

Afghan suicide bombing blamed on Islamic State kills 35

Afghan bombsA motorcycle-riding suicide bomber attacked a bank branch Saturday in eastern Afghanistan, killing at least 35...

After Decades of Struggle, Salvadoran Communities Declare Territory Free of Mining

el Salvador free of miningThe population of Nueva Trinidad voiced its resounding opposition to mining in an official municipal consultation...
 
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!