HSBC boosts bonus pool by 50% as profits more than quadruple

Bank helped by economic rebound from Covid-19 crisis in key markets including the UK

HSBC has increased its bankers’ bonus pool by 50% after profits grew by more than fourfold in the second quarter thanks to an economic rebound in key markets including the UK.

The London-headquartered bank said it had put aside $900m (£650m) to compensate its star bankers in the first half of the year, up from $600m during the same period in 2020 when its profits suffered from the onset of the Covid crisis. Its top bankers will have another six months to increase the bonus pool, before it is paid out next spring.

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from The Guardian https://ift.tt/37eIHV0