Bank helped by economic recovery from Covid-19 crisis in big markets including the UK
HSBC has increased its bankers’ bonus pool by 50% after profits grew by more than fourfold in the second quarter, thanks to an economic rebound in key markets, including the UK.
The London-headquartered bank said it had put aside $900m (£650m) to compensate its star staff in the first half of the year, up from $600m during the same period in 2020 when its profits suffered from the onset of the Covid-19 crisis.