A short history of the Barclays bonus
Bad things have been happening to the bonus pool at Barclays' investment bank. If reports are correct, it will be lower than ever for 2015 - at £900m ($1.3bn), down from £2.7bn in 2010, a decline of 67% in five years.
Nor is there much cheer from a bonus-per-head-perspective. If Barclays has indeed cut its investment banking headcount by 1,200 people, to 19,300, the implication is that bonuses per head in the investment bank will be £48k this year - their lowest ever.
It's not all bad though. Barclays' investment bankers received substantial salary rises back in 2009. They also receive giant 'role-related allowances' - Tom King (ex-CEO of the investment bank) got £642k last year.
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