The accounting statement of British Barclays includes the article that the bank will pay its bank staff £2.378 billion (or $3.9 billion) in incentive awards on the results of 2013.
However, Barclays will impose a cap of £1.57 billion on cash bonuses for its investment bankers for 2013. Sky News noted that an average annual bonus for every investment banker would rise by 10% to £60,100 from £54,500 a year ago. At the same time, an average bonus for the rest of the bank’s personnel will go up just 4% to £7,100.
As of the end 2013, the investment department’s profit return sank 9% to £5.2 billion, although it reached £7 billion a year earlier.
After Barclays had released its financial results for 2013, Governor Antony Jenkins announced that 10,000 – 12,000 employees would be cut down in the current year. In the U.K.-based subsidiary, 7,000 staffers will be made redundant. Currently, 139,000 people are employed at Barclays’ branches around the world.
A few days ago, Barclays came into focus of the business mass media because of the unprecedented security breach after 27,000 of confidential customer files had been stolen. Barclays in cooperation with the police launched an urgent investigation. The media call such massive information leak “the gold mine” or the worst breach of security data in the history of the bank.
