Banking giant Barclays is set to report another multibillion-pound profit today and reveal its total pay and bonus pot for 2011. The bank, which employs around 56,000 staff in the UK, is expected to report pre-tax profits of £6.1billion for 2011, flat on the previous year.
The results come after weeks of conflict over bankers' bonuses, which has seen the bosses of Royal Bank of Scotland and Lloyds both waive payouts.
Barclays' bonus pot of up to £1.8bn will be shared between nearly 25,000 investment bankers - which works out as an average £200,000 each. Bank chief Bob Diamond is entitled to a £3.4m bonus on top of his salary, and if long term shares are included, his total could hit £11.5 million.
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