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Barclays Exclusive: Loosening Bonus Cap, Following Goldman Sachs and JP Morgan

Barclays has revamped its bonus structure, now allowing top dealmakers to earn up to ten times their fixed salary.

Barclays HQ Office in Canary Wharf. PHOTO: Shutterstock
Barclays HQ Office in Canary Wharf. PHOTO: Shutterstock

This change aligns the British lender more closely with its American counterparts, such as JP Morgan and Goldman Sachs, following the UK government’s decision to scrap the EU-imposed bonus cap.

Previously, bonuses were capped at

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