HSBC goes to shareholders to beat EU bonus cap

HSBC is going to shareholders to have the EU’s maximum 200% bonus for “material risk takers” approved, but returned disappointing full year numbers which sent shares down 3.5%. The investment bank reported an increased underlying profit, but that was mostly thanks to lower impairment charges.

  • By Will Caiger-Smith
  • 24 Feb 2014

The UK lender reported its 2013 results on Monday, with a 9% increase in profit before tax to $22.6bn and a 41% increase on what it calls “underlying profit”, which excludes fair value adjustments and credit spreads, but includes lower loan impairment charges.

Underlying revenues grew by 3% ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 236,051.06 909 8.13%
2 JPMorgan 219,920.61 985 7.57%
3 Bank of America Merrill Lynch 211,822.11 711 7.29%
4 Barclays 183,450.68 662 6.32%
5 HSBC 155,970.52 729 5.37%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 32,467.80 60 6.57%
2 BNP Paribas 32,284.10 130 6.53%
3 UniCredit 26,726.88 122 5.41%
4 SG Corporate & Investment Banking 26,569.73 97 5.38%
5 Credit Agricole CIB 23,807.36 111 4.82%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 10,167.68 46 8.83%
2 JPMorgan 9,866.02 42 8.57%
3 Citi 8,202.25 45 7.13%
4 UBS 6,098.17 23 5.30%
5 Credit Suisse 5,236.02 28 4.55%