Barclays pays 428 bankers more than £1m

 
City A.M. Reporter

BARCLAYS paid 428 bankers more than £1m last year, down slightly from 2011 in a torrid year for the bank after its fine for rigging Libor rates.

The figures from the bank’s annual report show that five unnamed staff were paid more than £5m last year, down from 17 people in 2011.

A further 50 were paid between £2.5m and £5m in 2012, and 373 staff were paid between £1m and £2.5m.

The pay included salary, bonus and the value of long-term share awards.

Chief executive Antony Jenkins took home £2.6m, which includes £1.8m for his time as chief executive from 30 August, although he declined an annual bonus.

News of the pay-outs comes as Barclays is considering cutting thousands of jobs to save £2.7bn in annual costs by 2015.