Barclays boss says bonuses will closely track performance

Antony Jenkins Barclays

Barclays' boss said bonuses will in future closely track the performance across the British bank, following a recent investor backlash after bonuses were raised despite a drop in profits.

'It is my intention that variable compensation should closely track performance across the group in future', Chief Executive Antony Jenkins told analysts in a presentation.

Reuters reports that Jenkins said Barclays' smaller investment bank will focus on its core U.S. and UK operations and will 'meaningfully reduce' the number of its clients. He said its top 1,000 investment bank clients accounted for more 75% of its investment bank's revenues last year.

To access the complete Reuters article hit the link below:

Barclays CEO says bonuses will closely track group performance

Credit Suisse says doing everything it can to settle U.S tax probe

JefferiesAnd the Best Place to Work in the global financial markets 2018 is...

Register for HITC Business News