HSBC lifts CEO Quinn's pay and eyes special payout after profit jump

HSBC’s adjusted pretax profit rose 92% to $6.83bn (€6.4bn) in the fourth quarter, above the $6.51bn (€6.1bn) consensus estimate

HSBC cut its annual bonus pool by 4% to $3.4bn (€3.19bn) in 2022, the bank said on Tuesday, as a global slump in deals led it to trim awards for its bankers.

Despite the overall bonus cuts for staff, Chief Executive Noel Quinn saw his pay package jump 14% to £5.6m (€6.31m), from £4.9m (€5.52m) the prior year.