Barclays Docked Bonus Pool By £500 Million Over Control Issues
This article is for subscribers only.
Barclays Plc docked its 2022 bonus pool by about £500 million ($604 million) over a pair of scandals, with staffers involved in the blunders feeling the brunt of the cuts.
The group incentive pool for the year was £1.79 billion, down about 8% on the previous year’s £1.945 billion as the investment bank drew regulatory fines last year for mistakenly overselling US investment products as well as staff’s use of private messaging services like WhatsApp.