https://www.live-feeds.com/feed/hsbc-moves-to-wall-street-bonus-model-cuts-fixed-pay-dealsContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/hsbc-moves-to-wall-street-bonus-model-cuts-fixed-pay-dealshttps://www.live-feeds.com/feed/hsbc-moves-to-wall-street-bonus-model-cuts-fixed-pay-deals#u132968Sun, 18 Oct 2026 19:12:01 +0000HSBC is phasing out fixed-pay allowances for senior staff in favor of a performance-based bonus structure. The London-based bank will fully implement the new system at the start of 2028. This shift aims to align compensation with performance and encourage bankers to take more risks. Last year, senior bankers received bonuses of 620,000 pounds, while other employees received 12,000 pounds. The move aligns with changes in UK regulations and follows a broader restructuring of the organization.Why it mattersCEO Georges Elhedery is leading a wider restructuring of the bank to modernize its operatio