5:42 pm, Wed 20 Mar 2013
Len McCluskey has attacked Barclays over its share awards.
Credit: Sean Dempsey/PA Archive/Press Association Images
Unite general secretary Len McCluskey has attacked Barclays for awarding £38.5 million in shares to nine top executives.
He said the shares award made a "complete mockery of any claims that banks are cleaning up their acts when it comes to bonuses".
He added: "Staff in branches and call centres up and down the country want to get on but many continue to struggle on low pay.
"Meanwhile, senior bankers who were at or near the helm during the scandals that have rocked Britain's banks behave like nothing has changed."
4:24 pm, Wed 20 Mar 2013
Ricci (left) with his horse Arvika Ligeonniere and jockey Paul Townend.
Credit: Julien Behal/PA Wire/Press Association Images
Rich Ricci, the head of
Barclays investment banking, has landed an £18 million windfall as part of the bank’s major share payments to senior executives.
Ricci sold a £5.7 million tranche of shares despite waiving a bonus for 2012.
Chief executive Antony Jenkins, who also refused to take a bonus for last year, picked up £1.8 million shares worth £6 million and immediately sold half.
4:17 pm, Wed 20 Mar 2013
Today's share announcement has clashed with a sombre Budget.
Credit: Joe Giddens/PA Wire/Press Association Images
Barclays, who disclosed today that it had awarded £38.5 million in shares to nine top executives, have said that the announcement was set before the Budget.
The Barclays administrator had not realised the clash until recently.
3:35 pm, Wed 20 Mar 2013
Barclays has awarded £38.5m.
Credit: Phil Noble / Reuters
Barclays has confirmed that it has awarded £38.5m in shares to nine top executives.
Investment bank chief Rich Ricci received around £17 million.