Space For Rent

Space For Rent
DHAKA Monday 24 February 2014, 12 Falgun 1420, BS 23 Rabius Sani 1435 HIJRI


HSBC to announce $4b bonuses 
Publish Date : 2014-02-24,  Publish Time : 00:00,  View Count : 7
LONDON, Feb 22: HSBC will announce staff bonuses totalling just under 2.4 billion pounds 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 labour unions after it increased its bonuses by 13 per cent 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.    - Reuters





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