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: -London Bureau, Dow Jones Newswires; +44 (0)20 7842 9320

Stock News for Barclays (BCS)
10/09/201517:50:00Ex-Lehman Trader Loses Out on 'Double-Dip' Bonus of $83 Million
10/09/201517:36:00Former Lehman Trader Loses Bid for a 'Double-Dip' Bonus of $83...
10/08/201514:58:00Deutsche Bank: Tip of the Iceberg for Cutbacks at European Banks?
10/07/201502:20:00BOJ Keeps Policy Unchanged
10/06/201521:20:00Tech Startup Pure Storage Set to Price IPO at $17 a Share
10/06/201514:30:00Barclays and OFI Global Asset Management announce changes to...
10/06/201513:21:00Former Brokers Stand Trial Over Libor -- Update
10/06/201510:40:00Former Brokers Stand Trial Over Libor
10/05/201515:25:00Barclays Announces Changes to the Atlantic Trust Select MLP Index
10/01/201516:40:00Barclays Bank PLC launches consent solicitation period for iPath®...
10/01/201515:00:00Judge Rules for J.P. Morgan in $8.6 Billion Lehman Lawsuit
10/01/201510:55:13Report of Foreign Issuer (6-k)
10/01/201510:50:00Wall Street Banks in Credit Swaps Settlement
10/01/201502:30:00Thailand Inflation Falls for Ninth Straight Month in September
09/28/201502:30:00Swiss Investigate Banks Over Precious Metals Markets
09/24/201502:40:00Total Faces U.S. Probe Over Gas Market Trades
09/23/201507:33:00Foreign Money Center Banks Stocks Technical Data -- Banco Santander...
09/22/201514:40:00Total Accused of Manipulating U.S. Natural Gas Market
09/22/201508:30:00Barclays recommends investors position for a lower growth environment
09/18/201509:30:00INVESTOR ALERT: Zamansky LLC Announces Investigation of Bank-Issued...

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