Shareholder ding

17 February 2014 By Dominic Elliott

Bankers have savaged the forthcoming EU cap on bonuses for reducing wiggle room on pay. But even if bosses did want to cut payouts in bad years, a big chunk of variable remuneration is now deferred. That means bonuses are already more fixed than it might appear.

This content is for Subscribers only

To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.

Context News

Barclays on Feb. 11 reported that its full-year 2013 investment bank pretax profit was 2.5 billion pounds, down 37 percent on 2012.

The division’s return on equity was 8.2 percent in 2013 versus 12.7 percent a year earlier. However, Barclays raised its investment bank’s bonus pool by 13 percent.

For 2013, Barclays paid 4.6 billion pounds in total compensation to its 26,200 investment bankers. Of that, 1.7 billion pounds comprised bonuses, with just 31 percent of those awarded during the course of 2013.

Email a friend

Please complete the form below.

Required fields *