Barclays hiked bonuses for top staff within its investment bank to an average of £778,000, as banks have looked to lock in high-performers after a bounceback in deals and trading revenue.
The UK lender paid £1.2bn to 832 so-called material risk takers within its investment bank, who make up the largest proportion of the 1,506 key staff across Barclays whose actions can impact the bank’s risk profile.