4 Feb 2013

Barclays chief executive to waive 2013 bonus

10:59 am on 4 February 2013

Barclays chief executive Antony Jenkins will waive his bonus for last year.

Mr Jenkins said it would be wrong for him to receive a bonus, given what was a difficult year for the bank, which included rate-rigging and mis-selling scandals.

It is thought Mr Jenkins was in line to receive about £1 million. His total potential pay package, including pension, basic salary, and incentives, is £8.6 million.

He took over as chief executive last August.

Last year, RBS chief executive Stephen Hester waived his bonus for 2011 and in June said he would not take a bonus for 2012.

Other banks are currently reviewing the size of bonuses for senior staff.