Barclays Investment Bankers Face Double-digit Cuts to Bonus Pool - Financial Times

Date : 01/24/2020 @ 1:06PM
Source : Dow Jones News
Stock : Barclays Plc (BARC)
Quote : 94.11  0.11 (0.12%) @ 4:35PM
Barclays share price Chart

Barclays Investment Bankers Face Double-digit Cuts to Bonus Pool - Financial Times

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-- Barclays PLC (BARC.LN) investment bankers are getting prepared for a double-digit fall in their 2019 bonus pool, FT sources say.

-- This measure comes after the bank cut the amount it set aside for bonuses by almost a quarter to the lowest level since 2016 in the first half of the year.

-- "We are not asking people to get slaughtered, but it will be noticeable," one of the people said. "We underpaid in 2017 and made up a lot of that ground in 2018 under Tim Throsby, and now we are obviously asking for some of that back," FT sources say.

 

Full story: https://on.ft.com/38zsHLL

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

January 24, 2020 07:51 ET (12:51 GMT)

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