Financial Times FT.com

Barclays to review bonus policy

By Peter Thal Larsen and George Parker in London

Published: February 9 2009 08:28 | Last updated: February 9 2009 19:12

Barclays announced a top-level review of its bonus structure on Monday, amid a growing political clamour in Britain over rewards paid to bankers in the midst of the credit crunch.

Gordon Brown, British prime minister, said he was “angry” that Royal Bank of Scotland – a part-nationalised bank – was preparing to pay out £1bn ($1.5bn) in bonuses. Other ministers urged bankers to forgo their rewards.

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