Boss says its handling of bonuses is ‘prudent’ as pre-tax profits rise to £2.6bn in second quarter
Barclays has increased the size of its bonus pool by 45%, with top bankers in line for a combined payout of more than £1bn after a rebound in profits as the economy improves and pandemic restrictions recede.
Setting out the details in an update to the London Stock Exchange, the bank said it had ringfenced the cash, which covers just the first half year, to compensate its star bankers next spring when payouts are usually made.