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
03/02/201513:03:08LONDON MARKETS: Tullow Oil, Mining Shares Put Pressure On FTSE...
02/26/201517:20:08TIPS Rally on U.S. Inflation Data
02/26/201511:58:29New Standard Chartered Head Bill Winters Draws Rave Reviews
02/26/201504:40:17Europe Stocks Edge to Fresh Seven-Year High
02/26/201504:25:17Europe Stocks Edge to Fresh Seven-Year High as Investors Assess...
02/24/201512:20:06Spain Plans New 15-Year Government Bond
02/23/201521:57:34Big Banks Face Scrutiny Over Pricing of Metals
02/23/201513:39:54LONDON MARKETS: FTSE 100 Slips As HSBC Shares Mark Worst Session...
02/23/201513:39:37European Markets Buoyed by Greek Agreement -- 3rd Update
02/23/201513:32:41European Markets Buoyed by Greek Agreement -- 2nd Update
02/23/201509:36:06European Markets Rise After Greek Bailout Extension
02/23/201506:02:46LONDON MARKETS: HSBC Shares Hit In London Trade, Pulling FTSE...
02/19/201515:36:15Delaware's Biggest City Struggles With High Murder Rate
02/17/201514:56:34Tesco Appoints John Allan as Chairman -- Update
02/17/201506:01:06European Stocks Fall on Greece Fears -- Update
02/17/201504:40:05European Stocks Fall on Greece Fears

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