TV News LIES

Tuesday, Jul 29th

Last update05:08:45 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...


U.S., Europe hit Russia with new sanctions

Sanctions against RussiaPresident Obama and the European Union imposed new sanctions on Russia Tuesday that they said will...

China regulator announces anti-monopoly probe of Microsoft

China targets MicrosoftA Chinese regulator said on Tuesday it is conducting an anti-monopoly investigation into Microsoft Corp (MSFT.O)...

Iraqi Kurdish oil tanker to be seized by US authorities

Kurdish oil tankerA tanker carrying $100m (£59m) of Iraqi Kurdish oil is set to be seized by US...

Israel bombs Gaza's only power plant as Netanyahu promises 'prolonged campaign'

Gaza power plant hitIsraeli missiles destroyed Gaza's only power station early Tuesday, the latest in the increasingly volatile conflict...
 
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!