|Barclays Stokes Bonus Row as 12,000 Jobs Go|
Barclays is paying its investment bankers bigger bonuses even as it sheds as many as 12,000 jobs this year after profits tumbled. The British-based bank said that fourth quarter earnings before tax fell 86%, dragged down by a loss of £329 million in investment banking. A Barclays spokesman said 10,000 to 12,000 jobs would go in 2014, including about 7,000 in the U.K. The bank has about 140,000 employees worldwide.
The opinions expressed do not constitute investment advice and specialist advice should be sought about your specific circumstances.
Published on our website on February 19, 2014