Barclays Delays Bonus Pool Decision for Last-Minute Mandates
- Top bankers want pool to reflect mandates won recently
- Firm had to contend with an exodus of bankers this year
The Barclays headquarters in London.
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
Barclays Plc has delayed the final decision on the bonus pool for this year after top investment bankers asked for more time to reflect business they won in recent days or expect to win.
Investment bankers argue capital-markets activity has been picking up and that the bonus pool should take that into account, according to people familiar with the matter. The decision has now been delayed to early next year, after business leaders had asked the remuneration committee for extra time, the people said, asking not to be identified because the discussions are private.