HSBC set to unveil £14bn profits

Profits of more than £14 billion and a pay package worth up to £12.5 million for its chief executive are set to be revealed by HSBC.

City analysts estimate that profits for 2011 could hit 22.3 billion US dollars (£14.1 billion), which would be among the biggest ever reported by a British company and close to its record of 24 billion US dollars set in 2007.