Barclays to cut investment bankers' bonuses: FT

[BENGALURU] Barclays Plc is planning to cut bonuses for investment bankers as it steps up its defence against activist investor Edward Bramson ahead of next week's annual meeting, the Financial Times reported on Monday.

The British bank is cutting bonuses as part of a cost-cutting measure to enhance returns at the bank's underperforming investment division, the FT said, citing several people briefed on the plans. Monday was a public holiday in Britain and Barclays was not immediately available for a request seeking comment.

Earlier this month Barclays urged shareholders to oppose New York-based Bramson's bid to be appointed to the bank's board at its annual general meeting on May 2.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Foxconn says it remains committed to Wisconsin investment projectTaiwan's Foxconn said on Friday it remains committed to its contract to build a display plant and tech research facilities in Wisconsin, days ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Broker's take: OCBC Investment Research downgrades Mapletree Logistics Trust to 'hold'OCBC Investment Research has downgraded its recommendation of Mapletree Logistics Trust (MLT) to 'hold' and lowered its fair value on the real estate investment trust (Reit) from S$1.50 to S$1.45 on the uncertain longer-term outlook of CWT Pte Ltd - MLT's largest tenant. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »