HSBC cut annual bonus pool of staff by 4% to $3.4 billion in 2022, however, CEO Noel Quinn's pay package jumped 14% to 5.6 million pounds, from 4.9 million pounds. The bank said Quinn's pay package could reach 10.5 million pounds, once long-term incentive awards are included. The bank's Indian arm reported a 15% rise in its profit before taxes.