In the first of what I expect we will see more of, HSBC directors are attacking the bonuses of senior executive. The general thinking with regard to bonuses, especially those in investment banking, is that they are so large, you would have to be crazy not to take excessive risks.

FT.com / Companies / Financial services – Showdown looms over HSBC bonuses

Directors at HSBC are heading for a potentially bitter showdown with shareholders over a remuneration package that could reward the bank’s most senior executives with more than £100m over the next three years.

The scheme, made up of generous annual bonuses and long-term incentives, could see a number of directors receiving up to 12 times their basic salary each year for the next three years.