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Barclays to Ask Diamond to Cut Exit Compensation, Telegraph Says

July 8 (Bloomberg) -- Barclays Plc’s board will ask former Chief Executive Officer Bob Diamond to give up at least part of a possible 17-million-pound ($26.3 million) exit compensation package, the Sunday Telegraph reported, without saying where it got the information.

Discussions have taken place with the Association of British Insurers, the trade group that represents pension fund investments, the newspaper said.

Barclays spokesman Giles Croot declined to comment.

To contact the reporter on this story: Makiko Kitamura in London at mkitamura1@bloomberg.net

To contact the editor responsible for this story: Dick Schumacher at dschumacher@bloomberg.net

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