Barclays Pays Managers $61 Million in Bonuses After Libor
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Barclays Plc, the U.K.’s second-largest bank by assets, paid nine senior executives 40.3 million pounds ($61 million) in bonuses, less than a year after the bank was fined for manipulating benchmark interest rates.
Rich Ricci, head of its investment bank and one of the last members of former Chief Executive Officer Robert Diamond’s management team, was awarded 5.7 million shares valued at 17.6 million pounds, London-based Barclays said today in a statement. CEO Antony Jenkins was given 1.8 million shares valued at 5.59 million pounds.