@20vc_tok: HSBC spent $70 million cutting 134 senior bankers, and its rivals paid even more. Let’s talk about it. #banking #HSBC #financenews

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Saturday 22 August 2026 16:00:28 GMT
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bedestanew
dktdktdkt :
Sr bankers, especially good ones, easily clear 7 figure bonuses so a severance of hundreds of thousands isn't abnormal.
2026-08-22 18:32:04
120
edward_uk_gwm
Edward :
That’s is cheap for a senior banker.
2026-08-24 12:16:11
0
z41nj4v3d
Zain :
yeah but the top bankers will easy clear £5m+ a year
2026-08-24 13:54:34
1
anon87039
Anon :
whys bro acting surprised - his father is legit a banker / fundraiser lmao - thats how he got to felsted despite the ‘i started in my bedroom with a mic’ narrative
2026-08-24 07:21:44
0
ifolloweveryacc1
Ifolloweveryacc :
those severance pay probably comes with a non compete clauses
2026-08-24 08:22:26
0
osh1m_t
Ø :
You sound kinda like Ali-A
2026-08-23 23:07:14
7
waynettaslobby
JIMBO_IDGAF :
Never forget hsbc has paid exemplery damages multiple times for breaking laws.
2026-08-24 08:23:56
1
sara.x031
Sara🪽 :
Crazy u know
2026-08-23 23:54:50
2
asdfghjkl921233
lmao :
dude senior makes alot tho
2026-08-22 17:16:52
21
dvidrodriguezs
Dvidrodriguezs :
It’s better to pay them rather than fighting a non compete. Top bankers have billions of relationships that they can take to the next bank. They may lose 70M but those relationship in AUM are worth billions
2026-08-23 12:31:43
1
user13039028216730
Jay :
Surprised it’s not more to be honest, my company just paid people 6 months plus 1 month per year of service plus 20k. If you have been somewhere for 15-25 years it adds up
2026-08-23 17:33:35
6
fishermaninbama
fishermaninbama :
You really need to do some research on college football coaches here in the USA. Some get let go for $20+ million. A few over $40 million.
2026-08-23 05:19:52
4
arvz39
Arvzbarz :
You’re making it seem like it’s a secret no one knows, this is standard practice in the industry
2026-08-23 21:17:44
7
justacanadian83
canadianburrito :
They will make hundereds of millions in savings without them
2026-08-22 20:25:12
5
jp84873
jp84873 :
It depends on service - typically one month of salary (including bonus) for every year you have worked at the bank.
2026-08-23 07:22:30
0
yusrishaggysapari
Yusri Shaggy Sapari :
That's not a lot to HSBC
2026-08-22 17:01:04
1
autofill1234567890
Autofill1234567890 :
Have a look a what normal people at Mercedes, Porsche and VW get paid when they get fired in Germany.
2026-08-23 18:54:22
1
kyoma_
Kyoma :
I thought it was this high in France because of the french job security
2026-08-23 12:24:21
1
v.clip41
V.Clip :
Wow
2026-08-23 01:40:58
1
user5839052862605
user5839052862605 :
why are you so shocked by this? these people make well above 7 figures so a severance like that is actually quite normal
2026-08-22 19:06:37
2
danrupert6
danrupert6 :
Well they probably are doing something a little more complex than whinging about others on TikTok 🤷‍♂️
2026-08-24 07:31:38
0
imnotacat5
Je ne suis pas un ch :
That's actually low number?
2026-08-24 12:38:26
0
poppopbangbang
Sal T Nuts :
Material risk takers can have bonuses multiple times their salary, of course getting rid of them will be expensive.
2026-08-23 15:43:36
0
icici2000
user893900362351 :
Wow..why are u surprised by these??
2026-08-22 21:28:54
1
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