BARCLAYS SHIFTS TO WALL STREET PAY MODEL Barclays will boost bonuses and reduce fixed salaries for senior bankers, aligning pay more closely
BARCLAYS SHIFTS TO WALL STREET PAY MODEL Barclays will boost bonuses and reduce fixed salaries for senior bankers, aligning pay more closely with Wall Street. Performance pay rose nearly 30% to £1.3B in H1, while salaries increased less than 1%. The bank expects an additional £100M–£150M in compensation costs in H2 as it expands bonus-heavy pay following the UK's removal of the bonus cap.
BARCLAYS SHIFTS TO WALL STREET PAY MODEL Barclays will boost bonuses and reduce fixed salaries for senior bankers, aligning pay more closely with Wall Street.
Performance pay rose nearly 30% to £1.3B in H1, while salaries increased less than 1%.
The bank expects an additional £100M–£150M in compensation costs in H2 as it expands bonus-heavy pay following the UK's removal of the bonus cap.