Barclays Reports Profit Jump Amid Middle East Volatility
UKPulse Money Desk
Barclays has announced a jump in profits, reportedly benefiting from Middle East volatility, and has increased its bonus pool for executives.
- Barclays has posted bumper profits.
- The bank's bonus pool for executives has increased by nearly a third.
- The boss of Barclays has rejected calls for a windfall tax on banks.
Barclays has reported a jump in profits, which the bank reportedly cashed in on due to Middle East volatility. The institution has also increased its bonus pool for its biggest risk-takers by nearly a third.
Despite the reported bumper profits, the boss of Barclays has rejected calls for a windfall tax on banks.