HSBC Bonuses Fall to $3.4 Billion After Drop in Dealmaking
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HSBC Holdings Plc’s bonus pool fell by nearly 4% to $3.36 billion in 2022, amid a difficult year for dealmaking.
The lender protected junior banker bonuses, which rose on average due to inflationary and cost of living challenges, it said in its annual report on Tuesday. Payouts were differentiated by business performance and the strongest outcomes were for commercial banking, followed by wealth and personal banking. They were down for the global banking and markets division.