Barclays Removes Bonus Cap for Top Bankers

The UK bank now allows senior bankers to receive bonuses up to 10 times their base salary, following regulatory changes.

The cap removal follows a shareholder vote approving the change earlier this year.
Barclays joins other major banks like JP Morgan and Goldman Sachs in lifting bonus restrictions.
The previous EU-imposed cap limited bonuses to twice the base salary, implemented post-2008 financial crisis.
The change affects around 1,600 Barclays employees globally, excluding those in the EU.
Barclays maintains that total compensation remains performance-based and market-informed.