View all newsletters
Have the short, sharp Spear's newsletter delivered to your inbox each week
  1. Wealth
August 4, 2009

Times: Barclays guarantees bonuses despite FSA

By Spear's

Barclays is defying new curbs on City bonuses, it emerged yesterday, as it and HSBC revealed a return to bumper profits.

Barclays is defying new curbs on City bonuses, it emerged yesterday, as it and HSBC revealed a return to bumper profits.

Three investment bankers at Barclays have been guaranteed two years’ worth of bonuses, despite rules recommending that such deals be banned. Barclays Capital, its investment arm, has also hired about 200 financiers, guaranteeing their bonuses for a year.

The details emerged as Barclays reported £2.99 billion in profits for the first half of 2009, boosted by the stellar performance of Barclays Capital. HSBC reported profits of £2.95 billion.

To read the full story, visit timesonline.co.uk

Content from our partners
Why investors should consider investing in nature
HSBC Global Private Banking: Revisiting your wealth plan as uncertainty abounds
Proposed non-dom changes put HNW global mobility in the spotlight

Select and enter your email address The short, sharp email newsletter from Spear’s
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network