Barclays First Quarter Loss
Published / Last Updated on 23/04/2014
Barclays First Quarter Loss.
Amongst the anger and outrage over Barclays bank planning on paying higher bonuses, Barclays has also said that there will be a slight drop in profits for the first quarter compared with a year earlier
February saw Barclays announce job cuts and a drop of 30% in profits, but despite this Barclays wishes to pay its senior managers bonuses of up to twice their base salary.
Barclays would not be able to pay these bonuses without consulting the shareholders and despite anger and frustration it is thought that the majority of shareholders will back the proposed bonuses.
Barclays will officially post its first quarter figures next month and have issued an advanced warning of a loss for the first quarter. They will also be conducting a new strategy of how it will improve the bank.