Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
Loan Protection: Barclay's staff set for bumper bonus payout

Barclays is set to award its staff a huge bonus pool despite the declining fortunes of its investment banking division.

The UK firm has set aside £1.6 billion for employees, in addition to a further £640 million in deferred payouts from previous years.

Workers at the bank's investment arm Barclays Capital (BarCap) will enjoy the majority of the funds even though the division performed poorly compared to recent years.

BarCap reported a pre-tax loss of £182 million in the third quarter following new rulings coming into place which forced the bank to include the cost of paying its debts in its accounts.

Even if the debt of £947 million was not included in the figures, BarCap still only recorded profits of £765 million in the third quarter, a fall of 22 per cent compared to the previous three months.

BarCap has hired 2,000 staff in 2010, taking its total workforce to 25,000.

Posted by Jennifer Haines

Jennifer's speciality knowledge is credit card changes and balance transfers. ADNFCR-2776-ID-800228777-ADNFCR



Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email 
Circumstances
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website www.gov.uk/moj/cmr number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B16, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide