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Realistbear

Diamond Family To Receive Average Payrise To £236,000

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http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8325019/Barclays-profits-jump-to-6.07bn-as-salaries-rise.html

Barclays profits jump to £6.07bn as salaries rise
Barclays, the British bank, reported a better-than-expected 32pc rise in full-year profits to £6.07bn and a jump in salaries.
While overall performance payments in 2010 fell 7pc to £3.4bn, salary costs increased 13pc to £8.8bn.
Barclays Capital, the investment bank where profits almost doubled to £4.78bn on revenues of £13.6bn, paid out bonuses of £2.6bn.
Barclays
Pay, pensions and bonuses per head for the
24,800 bankers working at BarCap was about £236,000, up from £196,000 in 2009
.
The rise in profits were helped by a 30pc fall to £5.67bn in charges against bad loans
. Total group income rose 8pc to £31.4bn.
The bank also unveiled further details of its revised pay structure alongside the results as it attempts to defuse public anger over bankers' pay...../
Mr Diamond also cautioned that tougher regulations will result in lower returns.
:D

So the bad loans were made to dissappear in order for the balance sheet to show a higher profit. So what happened? The people who owned the shys money suddenly cough up what they owe?

Bob "Bonuses" Diamond is right in his ascertion that regulation will result in less profits.

Edited by Realistbear

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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