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.
Russian forces attacked a bus carrying miners in Ukraine’s Dnipropetrovsk region on Sunday, Feb. 1, killing...
Ukraine is enduring the most severe strain on its energy system since the start of Russia’s...
Several regions of Ukraine are out of power suddenly at 12:00 on Jan. 30.Several sources among...
