Barclays defended its remuneration policy after it emerged that the bank has set aside £1.4bn to pay its investment bankers' salaries and bonuses for the first quarter of this year. The company said its compensation ratio for investment bankers - the proportion of income allocated to pay - had been pegged at the 2009 level of 38 per cent despite the ongoing row about high earnings enjoyed by financiers. The investment bank Barclays Capital generated income of £3.85bn in the first three months of...
Full Story: The Independent
