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HSBC's bonus pot will fall to about 2 billion pounds from 2.8 billion pounds paid out in 2011, Sky News said on its website, with Chief Executive Stuart Gulliver expected to take home 6 million to 7 million pounds, including a bonus of just under 2 million pounds.
His counterpart at Standard Chartered, Peter Sands, will take home less than 2 million pounds in bonus payments, with the bank's overall bonus pool cut to $1.4 billion from $1.54 billion pounds, last year, Sky News said.
In December, HSBC reached a settlement with US authorities and agreed to pay $1.92 billion to settle a probe into laundering money for drug cartels.
In the same month, Standard Chartered agreed to pay $327 million to resolve allegations that it violated US sanctions against Iran, Sudan and two other countries on top of a separate payment the bank made in August last year to New York's state banking regulator over Iran sanctions.
Both companies declined to comment.
