Buzz Barclays February 10, 2012
Barclays slashes bonus pool after 2011 profit fall LONDON (AP) — Barclays PLC revealed Friday that it is slashing its bonus pool after earnings at its investment banking division fell sharply and dented overall profitability. Bonuses are a highly sensitive political issue in Britain, particularly at Royal Bank of Scotland and Lloyds Banking Group which were bailed out by taxpayers. Barclays said...
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MADRID (MarketWatch) -- European stock markets opened lower on Friday, after euro-zone finance ministers held off on approving a fresh tranche of aid for Greece late the prior day. Banks led the Stoxx Europe 600 index down 0.6% to 261.97. Shares of Barclays PLC fell over 2% after it reported a fall in full-year profit. The French CAC 40 index fell 0.7% to 3,402.33, while the German DAX 30 index...
MADRID (MarketWatch) -- U.K. banking group Barclays PLC on Friday reported said profit fell amid "challenging economic and market conditions," and slashed its bonus pool. Full-year net attributable profit fell to 3 billion pounds ($4.75 billion) against a profit of GBP3.56 billion in 2010. Net interest income fell to GBP12.2 billion against GBP12.52 billion. The company said it's increasing its...
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