Barclays pays £16.5m in share awards to executives

Wednesday, 18 March 2015 - 12:47

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British banking giant Barclays paid £16.5m in shares to its top 11 executives, which is half the amount it paid out last year.

Its executives received £32m in a share payout in 2014 - sparking criticism over excessive pay when the investment bank's profits were down.

The shares were payment for role-based allowances and bonus schemes.

The bank is in the middle of a probe over alleged manipulation of foreign exchange rates.