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BonusesLatest NewsPay & benefits

Average bonus at Barclays nears £250,000

by Mike Berry 22 Feb 2006
by Mike Berry 22 Feb 2006

Bankers at Barclays Capital received an average bonus of nearly £250,000 last year.


The bank’s annual results showed that a total of £1.1bn had been paid out to 4,500 investment bankers in annual performance bonuses, including a £15m bonus to group president Bob Diamond.


Barclays reported record profits of £5.28bn overall, compared to £4.60bn the previous year.


Diamond has around £50m invested in Barclays’ shares and will also collect a separate bonus of £14.8m if he continues to reach targets, according to reports.


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Barclays, the UK’s third largest bank, said the figures reflected the business’s “outstanding” performance.


The UK’s major banks are expected to announce collective profits of £34bn.

Mike Berry

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