Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/new-model-adviser/article/a657535
Barclays defers bonuses for 1,200 investment bankers
by Daniel Grote on Feb 08, 2013 at 07:57
It cited a source familiar with the matter as claiming managing directors would receive a third of their 2012 bonus next year, with the rest paid in 2015 and 2016. Half of the payout will be in cash and half in shares. However those below managing director level with bonuses of up to £65,000 will receive an upfront cash payment.
Those in line for between £65,000 and £250,000 will receive 65% in cash upfront, with the rest spread over three years and split evenly between cash and shares.
The bank’s 23,000 investment bankers will be informed of their bonuses today, it said.
News sponsored by:
Today's top headlines
Challenged by growing risk aversion?
Challenging financial markets over recent years have resulted in growing risk aversion among British savers and led many to seek safety in cash. Click here for more.
More about this article:
Look up the shares
What others are saying
by Alistair Mann on Dec 06, 2013 at 14:00