Heard on the street: Are HSBC private bankers’ bonuses about to take a hit?

20 December 2012 | 2 minutes read

Private bankers at British lender HSBC may be on the verge of receiving unwelcome news that bonuses from 2013 onwards are to be discretionary, based on the entire group’s performance, according to sources close to the matter. “Bankers [at HSBC] won’t be motivated in the same manner anymore,” says the source, who has already witnessed the discontent at the retail…

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