HSBC 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.
Shortly before taking office, Andy Burnham, the new prime minister, apologised for our party’s initial response...
France and Canada have followed the United Kingdom in announcing a ban on goods from illegal...
Relations between Israel and European states have deteriorated after the UK led moves on Tuesday to...
The British government has recognised the ethnic cleansing of Palestinians in the occupied West Bank, declared...
