Barclays Investment Bankers Face Double-digit Cuts to Bonus Pool - Financial Times
January 24 2020 - 8:06AM
Dow Jones News
-- 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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