Bank boss pledges bonus to charity
HSBC boss Michael Geoghegan has confirmed that he will hand up to £4 million of his bonus payouts to charity as the banking giant reported a 56% rise in annual profits.
The group said it made 13.3 billion US dollars (£8.8 billion) in underlying pre-tax profits last year, up from an adjusted 8.6 billion dollars (£5.7 billion) in 2008.
Its chief executive said he would pass on his £4 million bonus entitlement - which will be paid in deferred shares - to charities around the world over the next three years.
