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Hometown: Seattle, WA
Member since: Mon Dec 13, 2004, 02:55 AM
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Barclays announces 38.5m bonuses on budget day

Source: The Guardian

Barclays has been accused of trying to "bury bad news" by announcing it has given its top nine bankers bonuses worth 38.5m while the City is distracted by the budget.

The bank, which promised it was "changing" in the wake of the Libor rate-rigging scandal, awarded the head of its investment banking division, Rich Ricci, 17.5m worth of shares. He immediately cashed in all of the shares.

Barclays chief executive Antony Jenkins was awarded 1.8m shares worth 5.3m. He cashed in half of the shares.

Last month Barclays said Jenkins and Ricci would not be collecting a bonus this year after the bank was fined 290m over the Libor rate-rigging scandal.

Read more: http://www.guardian.co.uk/business/2013/mar/20/barclays-bonuses-budget-day

Continuing their pattern of our austerity and their prosperity.

And with a name right out of Dickens - Rich Ricci.
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