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HSBC joins other major banks in removing bonus cap for UK employees

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May 3, 2024
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HSBC shareholders have voted in favor of removing the European Union-imposed bonus cap for its UK-based workers, marking the latest major international bank to do so. The decision was made at the bank’s Annual General Meeting (AGM) and was recommended by the board following the UK government’s decision to remove the cap after Brexit. The bank, which recently announced the retirement of its chief…

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