Barclays Gives Dozens of Bankers Nothing in Grim Bonus Round

Barclays Plc is planning to hand dozens of investment bankers no bonus as the slowdown in dealmaking forces it to cut payouts for a larger-than-usual group of its lowest performers.

Executives are also planning to shrink the firmwide bonus pool amid a persistent slump in dealmaking and capital markets activity, according to people familiar with the matter. Junior bankers largely won’t be impacted by the moves and top dealmakers might still see an increase of as much as 10%, the people said, asking not to be identified discussing personnel information.