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Bank charges: Barclays considers hefty bonus for new boss

Barclays is currently considering giving its new boss, Bob Diamond, an £8 million bonus, it has been revealed.

Mr Diamond was promoted to chief executive of Barclays on January 1st and in his previous role an investment banker at Barclays Capital, he might have expected a bonus of twice this amount, reports the Guardian.

This revelation follows news that banker bonuses are set to reach £7 billion in total this year.

These figures were released by The Centre for Economics and Business Research.

Prime minister David Cameron commented on this news on BBC Breakfast, claiming that this will anger the British public.

He is quoted as saying: "I think the Chancellor was pretty clear yesterday when he said if these people go on paying themselves big bonuses and not lending money to the small businesses that need to get our economy going, he won't stand idly by.

"People will be angry about this because people do see that the banks got out of control."
John Fieldman

Having worked in the city for 19 years, John's main focus is interest rates and corporate finance.

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