Another Europe News
Anger as Barclays cuts jobs and pays bigger bonuses to investment bankers – economy
To cut costs Barclays is to axe up to 12,000 jobs this year – nine percent of its employees – even as it raised the bonuses paid to its investment bankers.
Britain’s third-biggest bank said it paid 2.4 billion pounds (2.9 billion euros) in bonuses last year – a 13 percent increase despite a slump in profits from the business.
The news prompted anger from trade unions and some British politicians who said the bank had not learned the lessons of the financial crisis.
“The culture change the ba…
READ MORE : http://www.euronews.com/2014/02/11/anger-as-barclays-cuts-jobs-and-pays-bigger-bonuses-to-investment-bankers
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