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Barclays to slash dealmaker bonuses after Wall Street banks pull back on pay
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Barclays is set to cut bonuses for dealmakers by up to 40% this year, following Wall Street rivals by squeezing pay for investment bankers after a slump in fees.
The UK lender is set to reduce bonuses for senior dealmakers by 30-40%, depending on business line and location, according to conversations with senior bankers.
Barclays will communicate...
Read more on fnlondon.comAbout this in other media
Barclays’ investment bank profit slides 23% as dealmaking fees slide fnlondon.com /1 year ago
Barclays pays bonuses of £642,000 to top investment bankers fnlondon.com /1 year ago
Barclays posts 19% slide in annual net profit after costly U.S. trading blunder cnbc.com /1 year ago
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