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HSBC cuts banker bonuses by 17% to $672,000

Last year, HSBC awarded its top investment bank staff an average bonus of $672,000, a fall of 17% due to corporations’ compensation cuts in reaction to a decline in transaction activity Photo: HSBC Canary Wharf Tower, Getty Images The UK lender awarded $368.6m in bonuses to its 548 so-called “material risk-takers” in its investment bank,...

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