Results tagged “Stephen Green”
HSBC has reiterated its commitment to staying in Canary Wharf after revealing a jump in underlying profits last year.
The bank made a pre-tax profit of $13.3billion for 2009, an increase of 56 per cent on the previous year, but its reported profit before tax fell by 24 per cent to $7.1billion due to losses in its American operations.
HSBC will be staying in Canary Wharf, at least for the next three years.
The banking giant decided to retain its London headquarters following a review published just before Christmas.
THE BONUS culture should be curbed according to the boss of HSBC.
The bank's chairman Stephen Green has thrown his weight behind the Financial Services Authority's campaign to stop the rewarding of short term gains.
Mr Green said: "There is now a growing demand, even within the industry, let alone beyond it, for an approach to compensation which is more responsible."
