FINANCE

HSBC boosts bonus pool by 50% as profits more than quadruple

HSBC has elevated its bankers’ bonus pool by 50% after profits grew by more than fourfold within the second quarter because of an financial rebound in key markets together with the UK. The London-headquartered financial institution mentioned it had put apart $900m (£650m) to compensate its star bankers within the …

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Monzo bank in money laundering rules investigation

Digital bank Monzo is being investigated by the Financial Conduct Authority (FCA) over potential breaches of financial crime regulations, the bank has disclosed. The financial watchdog sent letters to several retail banks including Monzo in May, warning of failings in their anti-money laundering controls. Monzo said it is complying fully …

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