HSBC has become the latest bank to ditch the cap on bonuses for City bankers.
Shareholders voted in favour of scrapping the EU-imposed limit at the bank’s annual general meeting on 3 May.
Investment Banking
HSBC scraps bonus cap for UK bankers
Move comes the day after Goldman Sachs’s decision to remove the EU-imposed limit on variable pay
HSBC has become the latest bank to ditch the cap on bonuses for City bankers.
Shareholders voted in favour of scrapping the EU-imposed limit at the bank’s annual general meeting on 3 May.