People walk past the HSBC logo in Hong Kong on April 2. Photo: Sam Tsang
HSBC, Standard Chartered bosses forego bonuses in mea culpa to calm rebel shareholders in dividend fight
- Rebel shareholders have demanded HSBC eliminate pay to top management for a year
- Move comes after UK regulator told banks not to pay bonuses to senior staff
People walk past the HSBC logo in Hong Kong on April 2. Photo: Sam Tsang