HSBC Holdings reported a surprise 74% rise in third quarter profit as concerns about pandemic-related bad loan receded, allowing it to announce a share buyback of $2 billion.
HSBC’s Asia bankers do better than peers as bonus pool cut 20%
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(FILES) This file photo taken on September 21, 2020 shows pedestrians walking past the logo for HSBC in Hong Kong. - HSBC was expected on February 23, 2021 to announce their 2020 annual results later in the day. (Photo by ISAAC LAWRENCE / AFP)
(AFP)
The bank saw a 20.4% drop in discretionary awards to about $2.66 billion for 2020
Most European financial institutions have been seeking to keep a lid on discretionary payouts this year
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HSBC Holdings Plc’s bankers in Asia were paid bigger bonuses than colleagues in other locations as Europe’s largest lender seeks a stronger foothold in the region.