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The Guardian - UK
The Guardian - UK
Business
Jenn Selby

Standard Chartered bankers share $1.37bn bonus pot

Pedestrians walk past a Standard Chartered branch in Hong Kong
Standard Chartered said the payout increase reflected a normalisation of bonuses after a lean 2020. Photograph: Budrul Chukrut/Sopa/Rex/Shutterstock

Bankers at Standard Chartered have shared a $1.37bn (£1bn) bonus pot for 2021, in the latest sign that financial firms have emerged from the Covid-19 pandemic in better shape than expected.

The payout was up 38% on the previous year and came as the London-headquartered bank reported full-year pretax profits had doubled to $3.3bn, £500m short of analyst expectations

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