TV News LIES

Wednesday, Aug 31st

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...


Ireland: EU orders Apple to repay $14.5bn in taxes

Ireland orders Apple to payThe European Union has said that US tech company Apple must repay a record 13bn euros...

Australian aid worker freed 4 months after kidnapping in Afghanistan

Australian woman freed in AfghanistanAn Australian aid worker who was abducted in Afghanistan in April has been freed, according to...

Deadly suicide bombing strikes Somalia's capital

Somalia capital hit by deadly bombAt least 10 people have been killed in a suicide bombing near the Somali president's palace...

Brazil's Dilma Rousseff defends record at impeachment trial

Dilma RousseffBrazil's suspended President Dilma Rousseff has defended her record during her impeachment trial in the Senate.She...
 
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!