Backlash: Last year, Coutts ditched former Ukip and Brexit Party leader Nigel Farage (pictured)
Falling profits at Barclays have knocked £55million off the value of its bonus pool, it was revealed yesterday.
Bankers shared £1.75billion for 2023, down 2.5 per cent on a year earlier.
Barclays said this reflected ‘lower year-on-year financial outcomes in some business areas’ amid a slump in income for its global markets division and a plunge in investment banking fees.
Chief executive CS Venkatakrishnan was among those losing out, with his overall pay package down 11pc to £4.6million.
Venkat, 58, saw his basic salary rise by 3.3 per cent to £2.9million. However, his annual bonus was half a million pounds lower.
Meanwhile, the number of employees in the top pay bracket – those earning more than €1million (£855,000) – fell from 698 to 668.
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