Thursday, March 10

Barclays CEO to get 10.6 million US-dollar bonus

LONDON - Bob diamond, which is new Chief Executive of British bank Barclays PLC, a bonus of ? 6.5 million ($10.6 million) for the last year, a person with the matter, said Monday's familiar paid.

Barclays show payment information for executives later Monday, before the full release of its annual report.

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Diamond is one of the highest paid bankers in Europe and could be, as the best UK Bank Executive paid for 2010.

The award is less than the 10-million pound media reports said he was industry bonuses in line for and in the midst of continuing scrutiny in the United Kingdom and an agreement by banks on pay restraint comes, trust in the person with the matter said.

The award is not in advance cash. It will consist of deferred shares and pay the rest in an instrument, with Barclays capital strength and out only if its core animal remains 1 capital adequacy ratio over 7 percent, the source said.

The Bank declined to comment.

Diamond took over as Chief Executive earlier this year after running the Bank investment banking division. He was paid a basic salary of ? 250,000.

He waived his bonus for 2009 and 2008, but paid ? 21 million for 2007, and received large payouts in the past few years the senior UK politician Peter Mandelson him described as "the unacceptable face of banking" last year.

Story: UBS chief first Bank CEO to give up 2010 bonus

It better than most competitors during the financial crisis, however, and as one of the relative winner emerged was Barclays and its investment bank arm. In contrast to the Royal Bank of Scotland and Lloyds avoided it take banking group taxpayers to decide bailout cash, instead of money with rich Middle East investors.

HSBC said last week its new Chief Executive, Stuart Gulliver, 6.2 was paid millions of pounds for the last year, when he met with his investment bank.

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