H-S-B-C - Now You Know What It Stands For!

[threegee]

Hopelessly

Slanted

Bonus

Culture

Higher

Salaries

Before

Customers

Hasta-la-vista

Suckers!

Bedlington's

Closing!

The revelation, which marks the first time the bank has defined its bonus pool, has been taken as an indication that the bank is not expecting to lower its pay pool from last year, despite the Government's specific demands.

HSBC Hldgs

Mr Flint told the Treasury Select Committee: "We haven't determined what it's going to be this year but it's around two billion [dollars]."

The bank later confirmed that its investment bankers were paid $2bn last year from the group compensation pool of $4.7bn.

But... let's be realistic here; how is someone on a mere £1.25M p/a going to survive these hard times without their £5M bonus?