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HSBC boosts bonus pool and dividend as profits more than quadruple

Bank helped by economic recovery from Covid-19 crisis in big markets including the UK

HSBC has increased its bankers’ bonus pool and announced fresh shareholder payouts after profits grew 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 increased its banker bonus pool by $900m in order to compensate its star staff in the first half of the year, compared with a $600m increase during the same period in 2020 when its profits suffered from the onset of the Covid-19 crisis.

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Read the original article at The Guardian

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