HSBC says 89 percent of shareholders at AGM approve pay plan

LONDON Fri May 24, 2013 8:12am EDT

LONDON (Reuters) - Europe's biggest bank HSBC (HSBA.L) said on Friday 89 percent of shareholders at its annual general meeting approved its executive pay plan for 2012.

Chief Executive Stuart Gulliver was paid 7.4 million pounds last year despite the bank being fined $1.9 billion for breaches in anti-money laundering controls.

(Reporting by Matt Scuffham, editing by Sinead Cruise)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.