HSBC has slashed 46,000 jobs and plans to cut a further 14,000—despite half-year profits rising 10 percent to £9.2 billion.
The bank is considering giving bosses a pay rise.
This is to get around new rules capping bankers’ bonuses to a maximum of twice their salary.
The bank has suggested it increases bankers’ salaries in order to then award them bigger bonuses.
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