HSBC Innovation Banking reposted this
Today we’ve announced our 1Q results. We’ve also announced that Group CEO Noel Quinn has informed the Board of his intention to retire from the bank after nearly five years in the role. https://grp.hsbc/6044j8UNY #HSBC
Noel Quinn why not take this opportunity to remove unfair pension clawback from your retired HSBC pensioners that impact those most on very small pensions . Do this as one last thing before your retirement and help the so many that have helped put HSBC where it is today ! Roger George #clawback #dotherightthing #pension
A fall in Q1 profit but still $12.7Bn in just 3 months and yet you can't afford to stop the unfair and indirectly discriminatory practice of pension clawback in the UK for the 1 of your 13 staff pension sections that suffer it, at your estimated cost of £0.5Bn. Noel Quinn, you are ex Midland but clawback will equate to less than 1 day of your pension, whilst some of the junior clerks and cashiers that kept the bank going during all the disastrous investments and regulator fines, will suffer clawback deductions of 25-30%+. Time to do the right thing and scrap clawback now. #HSBC #HSBCUK #midlandbank #clawback #fightingforfairness
To benefit your community, let me show you how treasury has been traded and why it started to come down in yields.
Great results with some mixfeelings as a new stage will start, as always change is the costant in the financial industry
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Marine Trades Manager UK/Europe*Marine Risk Management Professional
2moHow many dedicated, loyal, hard working staff got laid off so the balance sheets looked acceptable for shareholders 👍🏼