Barclays reportedly plans to cut bonuses for investment bankers

Pedro Gonçalves
clock • 2 min read

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...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?