Tag: Stuart Gulliver
HSBC in a Spot of Bother
HSBC’s profits are down 6% to $20.6bn, due to money laundering fines and PPI compensation costs. The bank is facing some challenges recently, as well as a 6% profit fall; the bonus pool has fallen 15% and shareholder returns slip to 8.4% from 10.9%. HSBC are the second highest mis-seller of PPI claims in Britain, […]
