Barclays CEO takes Β£1.1m bonus as pre-tax profits rise
Barclays announced its results for 2014 on March 3. Pre-tax profits are up 12%.
The numbers may look rather different when you consider various charges and the hundreds of millions of pounds the bank is setting aside for more potential fines over foreign exchange trading and mis-selling to UK customers.
Statutory pre-tax profits fell 21% to Β£2.26bn in 2014. The bank increased its provision to cover any fallout from a probe into currency market manipulation by Β£750m to Β£1.25bn.
Stripping out this and other provisions and charges, adjusted profits rose 12% to Β£5.5bn.
The bank's chief executive Antony Jenkins said the "Group has never been in a better position since the financial crisis" and therefore taking his bonus for the first time is justified.
"My base salary is Β£1.1 million; my role based pay is Β£950,000 and my bonus was Β£1.1 million," said Mr Jenkins.
Duration:
This clip is from
Featured in...
News and politics clips
Listen to a selection of clips from recent and upcoming programmes.
More clips from 03/03/2015
-
Alan Mullery tribute to 'showman' Dave Mackay
Duration: 03:37
-
CAGE on Emwazi tape complaining about M15 treatment
Duration: 04:13
-
Is it time to redesign our coins?
Duration: 02:52
-
Mel Brooks on his 'introspective retrospective'
Duration: 05:02
More clips from Today
-
'To see this face on television - you were a ray of sunshine'
Duration: 07:15
-
How do we know whether our pets are in pain?
Duration: 05:27
-
WHO chief describes airport attack
Duration: 07:30
-
Gisèle Pelicot 'doesn't want to be an icon'
Duration: 14:16