HSBC profits and bonuses soar while it vandalises society. Expropriate the banks!
UK-based international banking and finance giant HSBC has increased the “bonus pool” for its bankers by 50%, to £650m, after its profits grew more than fourfold in the second quarter of 2021. It says it may increase it further before pay-outs early next year. Last year HSBC paid 324 of its bankers more than £850,000 in salaries and bonuses, while eight received more than £4m and one more than £8m. This comes hot on the heels of HSBC being embroiled in a major international money-laundering scandal; the revelation that it was the second biggest UK financial backer of companies in the coal...