428 Barclays bankers paid more than £1m

By GARETH MACKIE
Published on 08/03/2013 11:48

Barclays paid 428 of its staff more than £1 million each last year, according to the group’s latest annual report.

The report, published today, shows that more than 71,500 employees earned less than £25,000 each in 2012, while 373 bankers were paid between £1m and £2.5m.

Fifty staff at the group – which was fined £290m last year for its part in the Libor-rigging scandal – received between £2.5m and £5m, while five people took home more than £5m.

Pre-tax profits at Barclays fell to £246m in 2012, from £5.8 billion the previous year, after the bank put aside £1.6bn to compensate victims of loan insurance mis-selling and £850m for claims from small firms wrongly sold interest rate hedging products.