HSBC quiet on Gulliver bonus report

A bank that was last year forced to set aside £950m to cover the cost of a mis-selling and money-laundering scandal has declined to comment on reports its chief executive will receive a bonus of around £2m.

Stuart Gulliver’s HSBC windfall will be deferred and subject to clawback, and he will not be able to cash it in until he retires or leaves, Sky News reported.