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.
Boris Johnson is in trouble but still pushing vicious laws
We need struggle to crash their party
Findings of a government survey
The council offered more hours instead of pay