Bank also increases staff bonus pool by 17% to £1.3bn and reports pre-tax of £8.4bn
Barclays has frozen millions of pounds worth of bonuses for its former chief executive Jes Staley until there are further developments around a regulatory investigation into his links to Jeffrey Epstein.
The news came as the bank increased the bonus pool for its existing staff by more than 17% to £1.3bn, following a surge in annual profits linked to the release of cash originally put aside to cushion the blow of the Covid crisis.
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