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Banks have remained cautious on overhauling pay practices after bonus cap lifted

Investment Banking Editor

Barclays has maintained a 100% cap on banker bonuses, even after the UK government scrapped the limit in October as banks in the City struggle to overhaul their pay practices.

The UK lender kept its 2:1 cap on bonuses for 2023, according to a 

 from its chair Nigel Higgins, and has yet to make a decision on changes for 2024.

Barclays keeps bonuses at 100% of salary even after UK government lifts cap

Paul Clarke

Barclays

JPMorgan

Morgan Stanley

Goldman Sachs

Nigel Higgins

Liz Truss

Banking

Business

Finance

Financial Regulation

Investing

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Intel said Pat Gelsinger has retired and stepped down from the company’s board of directors.

Intel CEO Pat Gelsinger Resigns After Struggling to Turn Around Chip Maker

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