Scandal-hit HSBC bank staff paid £70m over three years

Staff at HSBC’s shamed private banking unit are underfire for taking home pay and bonuses totalling £70million over just three years.

Remuneration for certain management and risk taking staff went up 40% in 2013, although the bank has refused to reveal how many of these so called ‘code’ staff are employed.

The bank’s Swiss operations have been hit by allegations of misbehaviour after account details stolen by former staff member, Hervé Falciani, appeared to reveal assistance by the bank in tax avoidance.