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HSBC cuts top investment banker bonuses 17% to $672,000
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fnlondon.comHSBC paid its top investment bank employees an average bonus of $672,000 last year, a decline of 17% as firms have slashed pay in response to a slump in deal activity.
The UK lender paid $368.6m in bonuses to its 548 so-called material risk-takers within its investment bank — a group of senior employees whose actions could impact the risk profile of the bank — compared to $410.6m a year earlier, which was an decline of 10%.
However,...
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