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.
Bulgaria's parliament has approved a nationwide law banning the wearing of face-covering veils from most public...
A US threat to suspend talks on Syria over the bombardment of Aleppo's rebel-held areas constitutes...
More than 9,000 people, including nearly 4,000 civilians, have been killed in one year of Russian...
A Malaysian airliner shot down in eastern Ukraine was hit by a missile launched from an...
