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 Plans Block on Bankers' Bonuses

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 Subscribe to WSJ:

Stock News for Barclays (BCS)
11/27/201516:47:00Senior Bank of America Manager in Tax-Focused Trading Strategies...
11/27/201513:50:00Monuhar Ullah to Leave Bank of America
11/27/201513:37:00Monuhar Ullah to Leave Bank of America
11/27/201509:30:00Stress Test Pressure May See U.K. Banks Cut Dividends
11/26/201507:14:00Barclays Fined for Anti-Money-Laundering Control Failings...
11/26/201505:20:00Barclays Fined for Failing to Minimize Financial Crime Risk
11/26/201505:11:00Barclays Fined for Failing to Minimize Financial Crime Risk
11/18/201518:41:00ADRs End Higher; Barclays Rises
11/18/201512:52:49Report of Foreign Issuer (6-k)
11/18/201511:10:00Barclays to Pay $150 Million Over 'Last Look' Trading System
11/18/201511:01:00Barclays to Pay $150 Million Over 'Last Look' Trading System
11/17/201517:59:00ADRs End Mostly Lower; JA Solar Falls
11/17/201509:28:00Barclays Names Mike Bagguley as COO of Investment Bank
11/13/201512:40:24Form 13f Holdings Report (13f-hr)
11/13/201511:10:00U.K. Serious Fraud Office Charges 10 Over Euribor
11/13/201511:00:00U.K. Serious Fraud Office Charges 10 Individuals Over Euribor...
11/12/201508:30:00Barclays Suggests 2016 Returns Will Be Mediocre and Recommends...
11/12/201507:13:10Report of Foreign Issuer (6-k)
11/10/201515:48:00Barclays Launches SPECS Client Portal for Enhanced Transparency
11/09/201511:20:00Barclays Announces Changes to Its Benchmark Fixed Income Indices

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