Skip to main content
£7.6m bonus for HSBC chief in hot water

DISGRACED bank HSBC handed its chief a £7.6 million bonus yesterday despite plunging profits and shady revelations about his financial arrangements in notorious tax havens.

CEO Stuart Gulliver’s £29,000-a-day payout came two weeks after the firm’s role in illegal tax evasion came to light — and hours after news of his own Swiss account was exposed.

Another 320 senior staff shared out £736,000.

The 95th Anniversary Appeal
Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
Similar stories
Positive Money, Tax Justice UK, Equality Trust and Green New Deal Rising activists protest outside the Bank of England, August 7, 2025
Labour Austerity / 7 August 2025
7 August 2025
Rachel Reeves and Jonathan Reynolds
Features / 8 August 2025
8 August 2025

SOLOMON HUGHES asks whether Labour ‘engaging with decision-makers’ with scandalous records of fleecing the public is really in our interests