Seeking Alpha

Sky: HSBC bonus pool to rise 8% to almost $4B

  • HSBC (HSBC) is set to disclose that it will pay staff bonuses of just under $4B when it releases its full-year results this week, Sky News reports.
  • The amount will represent a rise from $3.69B for 2012.
  • FY underlying pre-tax profits at HSBC are forecast to have increased to $22.2B from $18.8B, Standard Chartered analysts have said.
  • HSBC is also expected to disclose a significant impairment charge in connection with its Mexican operations.
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