HSBC bosses to face angry investors

HSBC Canary Wharf

HSBC will this week face shareholders angered by bumper executive payouts as the lender is mired in scandal and streamlining its global operations.

The Daily Mail reports that Europe's biggest bank has also been rocked by a series of revelations, including claims its Swiss arm helped wealthy clients hide billions from the taxman.

The company's annual meeting on Friday is expected to feature protests over the $11.3m pay package handed to chief executive Stuart Gulliver, who has also been criticised over his non-dom status.

Investors will also urge HSBC and chairman Douglas Flint to speed up its retreat from difficult overseas markets, following reports the bank is set to abandon retail banking in Turkey and Brazil.

A number of other underperforming businesses are also set to be shuttered, including parts of its investment banking arm.

To access the complete Daily Mail article hit the link below:

HSBC to face investors' anger over scandals and bumper executive payouts

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