ADVFN - Advanced Financial Network.
HOME» NYSE » B » BCS Stock Price » BCS Stock News

Barclays Share News

 Barclays Stock Price
BCS Stock Price
 Barclays Stock Chart
BCS Stock Chart
 Barclays Stock News
BCS Stock News
 Barclays Company Information
BCS Company Information
 Barclays Stock Trades
BCS Stock Trades

Barclays To Block Bankers' Bonuses Until Retirement - Report

LONDON--Barclays PLC (BCS) is working on a radical new pay scheme that could see bonuses for top executives cut and not paid out until they retire, the Sunday Times reports without citing sources. Under the new scheme, long-term bonus plans that have previously paid out sums running to tens of millions of pounds will be overhauled. Any big payouts would be held in shares and deferred until the executive retires or leaves the bank, the paper reports. A representative for Barclays declined to comment. Barclays' reputation has been severely tarnished in recent months by a flurry of financial scandals, most recently an investigation by the Financial Services Authority regarding the giant British bank's disclosure of fees and business arrangements with Qatari investors among others. Qatar's sovereign wealth fund was among the investors that pumped a total of 7.3 billion pounds into Barclays during the first phase of the financial crisis. That probe follows the resignation of three top executives last month including Chief Executive Bob Diamond after the bank acknowledged attempts to manipulate the London interbank offered rate, or Libor. And, just 10 days ago Alison Carnwath, the head of Barclays remuneration committee, quit the bank's board with immediate effect for personal reasons, after a tumultuous two years at the company. Ms. Carnwath had acted as a lightening rod for shareholder anger over the group's decision to pay out large bonuses to top executives. Newspaper Web site: http://www.timesonline.co.uk -London Bureau, Dow Jones Newswires; +44 (0)20 7842 9320

Stock News for Barclays (BCS)
DateTimeHeadline
08/14/201418:04:05Investors Pour $680 Million Into U.S. Junk Bonds in Latest Reporting...
08/14/201404:23:25LONDON MARKETS: Banks Rise, Miners Stumble In London Trade
08/13/201412:29:15LONDON MARKETS: Pound Hit, U.K. Stocks Up As Rate Hike Appears...
08/13/201411:16:33LONDON MARKETS: Pound Slides, U.K. Stocks Up After Weak BOE Wage...
08/12/201420:39:13Banks Retreat From Market That Keeps Cash Flowing
08/11/201404:05:32LONDON MARKETS: U.K. Stocks Rise After Reaching Nearly Four-month...
08/06/201414:53:29Kellogg Considering Bid for United Biscuits -Sky News
08/06/201410:56:27Trade Gap Narrows Sharply as Imports Tumble--Update
08/06/201400:06:44Twigs, Torch Songs and a Shock of Gray
08/03/201417:57:35Junk-Debt Liquidity Concerns Bring Sales
07/31/201406:30:05Credit Suisse Dragged Into Dark-Pools Trading Probe
07/30/201412:21:53EUROPE MARKETS: Peugeot, Barclays Among Major European Movers...
07/30/201412:16:51LONDON MARKETS: Barclays Tops FTSE 100 After Upbeat Results
07/30/201409:45:11U.S. Hot Stocks: Hot Stocks to Watch
07/30/201406:13:38EUROPE MARKETS: Russia Sanctions Hit Europe Stocks, But Spain...
07/30/201405:50:17European Shares Ignore Tougher Russian Sanctions
07/30/201404:46:36European Markets Show Subdued Reaction to Tougher Sanctions Against...
07/29/201409:30:25Deutsche Bank, UBS Sucked into Dark Pools Trading Probe
07/25/201406:06:31Lloyds Bank Nears Rate-Probe Settlement--Update
07/24/201412:29:08EUROPE MARKETS: EasyJet, Nokia Among European Stocks On The Move

Barclays and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad