The incendiary issue of bankers' bonuses dominated exchanges at Barclays' AGM this morning, with Standard Life Investments urging its members to vote down the UK bank's 2013 pay report.
The UK bank has come under pressure over pay after it announced in February that its remuneration pool for 2013 had risen 10% to £2.4 billion, despite a 32% fall in underlying pre-tax profits. CEO Antony Jenkins declared last month that unless the firm paid competitively it risked entering "something of a death spiral".
