Barclays cut its bonus pool 15% and is keeping the …

Barclays goes for big bonuses but maybe only to a privileged fewMorning Coffee – Barclays bankers try to make a last-minute bonus save ...

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Barclays Cut Its Bonus Pool 15% And Is Keeping The …

1 week from now

Barclays goes for big bonuses but maybe only to a privileged fewMorning Coffee – Barclays bankers try to make a last-minute bonus save ...

efinancialcareers.com

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Barclays Bonuses: Big For Best Performers, But 200 Got Nothing

1 week from now

Feb 20, 2024 · Barclays cut its bonus pool 15% and is keeping the bonus cap . Morning Coffee: Barclays’ nice guy with the 6:30am starts needs to get tough. Why $175k is the worst amount …

efinancialcareers.hk

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Barclays Fixed-Income Traders May Be A Getting 15% Bonus Increase

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Feb 1, 2023 · Barclays Plc is weighing an increase in the bonus pool for its fixed income trading division, with the unit expected to produce record revenue after 2022’s wild market swings.

bloomberg.com

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Barclays Cuts Bonus And Sets Aside £3.4bn - Financial Times

1 week from now

Feb 5, 2013 · Barclays. is to cut its bonus pool after a year of expensive scandals at the bank. The cost of those scandals rose again on Tuesday as Barclays increased by £1bn the amount …

ft.com

FAQs about Barclays cut its bonus pool 15% and is keeping the … Coupon?

Does Barclays have a bonus cap?

Barclays has become the latest bank to lift its cap on top bonuses in the UK. The lender's senior bankers will now be able to earn payouts of up to 10 times their base salary, up from a two-to-one ratio previously imposed by the EU in 2014 when the UK was a member, according to an internal memo seen by news agency Reuters. ...

Will the revised bonus cap change Barclays' incentive pool?

"The revised bonus cap will not alter the way Barclays sets its incentive pool, which is based on overall Group performance," a spokesperson for the bank, who confirmed the contents of the memo, said. "It will allow us greater flexibility to differentiate individual bonuses within a small and defined group of colleagues," he added. ...

Why did Barclays cut its bonus pool?

Barclays has cut back its bonus pool following a tough year for its investment bank, as the UK lender reported a 15 per cent decline in full-year profits. The bank trimmed the overall bonus pool by 3 per cent, from £1.8bn to £1.75bn, which it blamed on “the lower year-on-year financial outcomes in some business areas”. ...

Will Barclays cut bonuses?

The bank said that without that reduction, bonuses would be down 15 per cent this year. Barclays is one of the first banks to outline its cut to bonuses following a brutal year for investment banking. Last week, Wall Street heavyweights Goldman Sachs, JPMorgan Chase and Morgan Stanley all disclosed pay rises for their chief executives. ...

Why did Barclays change its bonus policy?

The bank said the change will give it more flexibility when it comes to setting individual bonuses within a small pool of staff, and make it a more competitive place to work. The change brings Barclays in line with the policy set by investment bank JP Morgan, amid efforts to attract top bankers. ...

Does Barclays have a bonus pool?

They can do this, because unlike the US bulge bracket, Barclays announces its bonus pool in February. But it’s a really interesting strategy that might say quite a lot about the kinds of discussions that must be going on at every bank on the Street. ...