Barclays reportedly plans to cut bonuses for investment bankers

Barclays is planning to cut bonuses for investment bankers as it steps up its defence against activist investor Edward Bramson ahead of next week's annual meeting, the Financial Times reported. Bonuses for the first quarter at the investment-bank division may decline by double digits from a year earlier, the newspaper reported, citing people it didn't identify who were briefed on the plans. The payments will be more closely tied to performance as the London-based bank seeks to cut costs, t...