Friday, April 27, 2012

Barclays leadership under fire over bonuses

Demonstrators protesting about Barclays Bank and its world wide operations outside the Royal Festival Hall where the Barclays Bank Annual General Meeting for shareholders is being held in London, Friday, April 27, 2012. Barclays PLC reported a 25 percent gain in first-quarter net profit on Thursday, beating market forecasts with strong performances in its retail and business banking, and wealth and investment management divisions. For the three months ending March 31, Barclays reported an adjusted profit after tax of 1.87 billion pounds ($3 billion) after taxes, compared to 1.5 billion pounds a year earlier. Income rose by 5 percent to 8.14 billion pounds.(AP Photo/Alastair Grant)Barclays executives were confronted by heckling and mocking laughter at a general meeting Friday in London, where some shareholders made clear they were unhappy over the bankers' generous pay packets.


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