Barclays boss waives proposed £1m bonus

Barclays boss Antony Jenkins is to waive his bonus it has been confirmed as the bank struggles to shake off the scandals that have dogged much of the banking sector

Photo: PA

Barclays boss Antony Jenkins is to waive his bonus it has been confirmed as the bank struggles to shake off the scandals that have dogged much of the banking sector Photo: PA

BARCLAYS chief executive Antony Jenkins is to waive his bonus for 2012 after a “very difficult” year for the scandal-hit bank.

Mr Jenkins, who took on the role last August, said it was “only right that I bear an appropriate degree of accountability” following a year of devastating reputational blows for the group, including its £290 million settlement for Libor rate rigging.

The move follows reports that Barclays was preparing to pay Mr Jenkins a bonus worth at least £1m for 2012.

 

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