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Will HSBC give new chief executive a £15m pay package?

HSBC Holdings is to hand its new chief executive a pay package potentially worth more than £15m as part of an overhaul of its bosses' remuneration triggered by the government's scrapping of the EU bonus cap.

What does HSBC mean?

Despite its prominence, the meaning behind HSBC's name has left some customers scratching their heads, leading to a flurry of queries on Quora. Social media users have been asking: "What is the full form of HSBC?" It turns out the acronym stands for The Hongkong and Shanghai Banking Corporation.

Is HSBC entering a more permissive climate?

By comparison, HSBC's market capitalisation is about three-and-a-half times that of Barclays, making it the London stock market's third-largest company. The decision by leading UK banks to increase their CEOs' pay suggests that the industry is entering a more permissive climate as far as investors are concerned.

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