Bankers Salaries Doubled
Published / Last Updated on 22/11/2010
Bankers salaries at HSBC are to be doubled in a move to combat Government attacks on bonus payments.Quite simply, the government are taxing high earner bonuses at 50% in addition to bank levies to try and combat excessive risk talking by banks that resulted in many needing financial assistance and indeed state ownership, just o stay afloat in the credit crunch.
HSBC were not part of any government bail out so may feel hard done to and this move demonstrates their committment to tow the government line, yet reward their senior staff for results.
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