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Tuesday, March 05, 2013

Crime does pay

Despite being fined for money-laundering for drug cartels and paying compensation for cheating customers over payment protection insurance HSBC rewarded shareholders with an increased dividend and its chief executive Stuart Gulliver took £7.4 million in pay. it paid 204 of its staff more than £1m in the year, with 78 of those based in the UK. Underlying profits were up 18 per cent to £10.9bn.

Crime after all does pay.

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