Barclays chief executive Antony Jenkins has rejected a bonus for 2012.
The decision comes after Barclays was criticised by MPs earlier this week over its bonus culture, especially after it was forced to pay out £290 million in fines for its role in the Libor fixing scandal.
According to the Financial Times Jenkins’ contract suggested he could have been in line for a £2 million bonus.
Jenkins (pictured) said he had been moved to issue a statement following mounting public speculation.
‘To avoid further unnecessary public debate on this matter, I wish to make clear that I concluded early this week that I do not wish to be considered for a bonus award for 2012 and I have communicated that decision to the board,’ he said.
‘The year just past was clearly a very difficult one for Barclays and its stakeholders, with multiple issues of our own making besetting the bank. I think it only right that I bear an appropriate degree of accountability for those matters and I have concluded that it would be wrong for me to receive a bonus for 2012 given those circumstances.’