Barclays To Cut Investment Bankers’ Bonuses

Plc is planning to cut bonuses for investment bankers as it steps up its defense against activist buyer Edward Bramson ahead of next week’s annual meeting, the Financial Times reported on Monday. The British bank is cutting bonuses within a cost-cutting measure to enhance returns at the bank’s underperforming investment division, the FT said, citing several people briefed on the plans.

Monday was a public holiday in Britain, and Barclays declined to touch upon the matter. Last month, the chief executive of Barclays, Jes Staley, took direct control of its investment bank or investment company and ousted head Tim Throsby in a shock shake-up. Week Last, Bramson made a restored plea to investors about a chair on the bank’s plank. You are prompted by us to use remarks to activate with users, talk about your perspective and ask questions of authors and each other.

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