Barclays boss says bonuses will closely track performance

Antony Jenkins Barclays

Barclays' boss said bonuses will in future closely track the performance across the British bank, following a recent investor backlash after bonuses were raised despite a drop in profits.

'It is my intention that variable compensation should closely track performance across the group in future', Chief Executive Antony Jenkins told analysts in a presentation.

Reuters reports that Jenkins said Barclays' smaller investment bank will focus on its core U.S. and UK operations and will 'meaningfully reduce' the number of its clients. He said its top 1,000 investment bank clients accounted for more 75% of its investment bank's revenues last year.

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Barclays CEO says bonuses will closely track group performance

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