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Realistbear

Barclays Bank City Bonuses Quite Large

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http://www.personneltoday.com/Articles/200...a3250%2c000.htm

Average bonus at Barclays nears £250,000

22 February 2006 12:17

Bankers at Barclays Capital received an average bonus of nearly £250,000 last year.
The bank's annual results showed that a total of £1.1bn had been paid out to 4,500 investment bankers in annual performance bonuses, including a £15m bonus to group president Bob Diamond.

Bob did quite well with 15million.

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Borrowing money has never been so popular.

When will they realise the root of the problem has always been in the banking system.

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well the average bonus may have been £250k, but the median is clearly nowhere near that. The figure is skewed by a small proportion of exceptionally high bonuses.

I personally think Bob's bonus is justified. Without him Barclays Capital certainly would not have done so well and the Barclays group would be looking rather sad without all the Barcap and BGI profits. Bob and the people he brought in built Barcap more or less from scratch.

Remember Barclays is making a huge amount of money from overseas and employing an awful lot of people in the UK. The net benefit of Barclays to UK plc is huge.

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Barclays Capital is basically private equity - taking part in highly leveraged buy-outs.

These are the buy-to-let landlords of the finance world - taking advantage of low interest rates, using debt to avoid tax, chasing capital values up (look at rising stockmarkets) and prepared to accept lower returns now than they did in the past.

Edited by geranium

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http://www.personneltoday.com/Articles/200...a3250%2c000.htm

Average bonus at Barclays nears £250,000

22 February 2006 12:17

Bankers at Barclays Capital received an average bonus of nearly £250,000 last year.
The bank's annual results showed that a total of £1.1bn had been paid out to 4,500 investment bankers in annual performance bonuses, including a £15m bonus to group president Bob Diamond.

Bob did quite well with 15million.

An observation.

Will Mr. Prescott be standing at the Despatch Box comparing these bonuses to the income of the low paid?

He used to when the Conservative Party was in Government.

Edited by Mushroom

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Barclays Capital is basically private equity - taking part in highly leveraged buy-outs.

These are the buy-to-let landlords of the finance world - taking advantage of low interest rates, using debt to avoid tax, chasing capital values up (look at rising stockmarkets) and prepared to accept lower returns now than they did in the past.

Ahem........ you sir if I may say, are talking ballocks.

Edited by timmy_30

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http://www.personneltoday.com/Articles/200...a3250%2c000.htm

Average bonus at Barclays nears £250,000

22 February 2006 12:17

Bankers at Barclays Capital received an average bonus of nearly £250,000 last year.
The bank's annual results showed that a total of £1.1bn had been paid out to 4,500 investment bankers in annual performance bonuses, including a £15m bonus to group president Bob Diamond.

Bob did quite well with 15million.

I think a 90-10 rule applies - 90% of the pot goes to 10% of the people. So 450 bankers may have averaged £2.2m, the other 4050 bankers may have averaged £27k each.

Obviously even within the top group the numbers are skewed towards the guys like Bob Diamond on £15m, so the median and mode within that group will be much lower, maybe in the £500k to £1m range.

In terms of the housing market, there will be little impact. A small number of people are making a huge amount of cash, but most of them probably already own a large house in the top end of the London property market or a mansion in Surrey.

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Obviously even within the top group the numbers are skewed towards the guys like Bob Diamond on £15m, so the median and mode within that group will be much lower, maybe in the £500k to £1m range.

In terms of the housing market, there will be little impact. A small number of people are making a huge amount of cash, but most of them probably already own a large house in the top end of the London property market or a mansion in Surrey.

Exactly.

Alot of other banks, notably JP Morgan, Morgan Stanley and CitiGroup had shite bonuses this year, one small/medium sized bank does not make the whole market, and I can assure you that most bonuses at Barcap are in the 20k range, not to be sniffed at of course but nothing liike the reported average, journalists really are a bunch of ****s sometimes, ordinary people migt actually believe the shit they spout.

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  • 302 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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