HSBC shifts to Wall Street-style pay; Goldman lifts global stocks
AI-generated briefing · First published
HSBC will scrap fixed executive allowances for bonuses from early next year; Goldman raised its three-month global equity rating to overweight on earnings strength.
HSBC Holdings will phase out fixed executive allowances and tie a larger share of pay to performance-linked bonuses starting early next year, aligning with a Wall Street model. [2]
Goldman Sachs raised its three-month global equity rating to overweight, citing resilient corporate earnings and improved valuations after recent market pullbacks. [3]
Bärbel Bas resigned as German labour minister, risking delays to labour market and pension reforms. [1]
Sources
- German labour minister resigns as Merz coalition strains deepen
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