Investment Banking

HSBC reduces top investment banker bonuses to $737,600 amid costs focus

The UK lender has reduced average bonuses for top employees in its investment bank as it ramps up cost-cuts

A new CEO is trying to get a grip on spending at the bank
A new CEO is trying to get a grip on spending at the bank Photo: May James/SOPA Images/LightRocket via Getty Images

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HSBC paid its top investment bankers an average bonus of $737,600 last year, down 4%, as the UK lender kicks off a fresh round of cost-cutting.

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