£7.4m pay package for HSBC boss

HSBC revealed a £7.4 million pay package for boss Stuart Gulliver, after a year in which the banking giant racked up more massive profits.

Mr Gulliver said the bank had made significant progress in 2012, although its performance was marred by a record fine of 1.9 billion US dollars (£1.2 billion) to settle a US investigation into money-laundering.%VIRTUAL-SkimlinksPromo%