1.4 billion for Barclay's bonus

[SteveT]

Barclays bonuses amount to 1.4 billion pounds 1400,000,000 are they getting a fair share of the profits, given these times of austerity.

Would it be wise to close my accounts?

[Mick Mac]

Its their own money and they can do what they want. They are a profitable business without taxpayer help and its none of our business what they do - unless you are a shareholder - if you are just an account holder I'm not sure they will not be particularly worried if you close your account but thats your choice.

[Marmora Man]

Plus the gov't will receive 50% of ?1,400,000,000 in tax from Barclays + 50% of ?1,40,000,000 in tax from individuals + 28% corporation tax on Barclay's profits of ?6,000,000,000 so Barclay's success and the success of the individual's within Barclays will enrich gov't coffers to the tune of just over ?3,000,000,000 - surely something to applaud.

Whether this gov't or any gov't will spend it wisely is another matter - but it's a sum of tax that will offset that raised from more ordinary individuals on less stratospheric salaries.

[????]

What both MMs said....but we'll be the minority as it's all 'THEIR' fault, apparently

[SteveT]

I believe Mick Mack that they had a large lump of dough from the government before the 'Northern Rock' crumbled.

I do hope someone will correct me if I'm wrong.

[????]

You're wrong, they raised money privately through a Middle East Soveraingn wealth fund a decision they had to justify to their shareholders as they do their bonuses

[vinceayre]

I think they have done very well in difficult times, but it must be said the majority of the profits have come from Barclay's Capital on Wall Street which bought up, on the cheap, the rump of Lehman's.

Good luck to them they deserve all their bonus as they took a huge risk and its paid off.

[SteveT]

Quids wrote:- You're wrong, they raised money privately through a Middle East Soveraingn wealth fund

Is that the loan which the providers wanted 15% per annum interest?

[????]

Something like that and equity but look at their performance compared to the banks that took the government money = RBS and Lloyds/HBOS. If I was a Lloyds shareholder I'd be spitting Gordon persuading the board to take the toxic mess that was HBOS. Those shorters were right after all.

[SteveT]

They don't give me 15% on my savings in Barclays bank, and mine is doing the same job as the Arabs!

[????]

And did you have a few ?billion handy when the world was imploding? Steve, I'd be quite happy to lend you a ?5 at the EDF drinks I'm not gonna sign up as a guaranteor on your mortgage.

[????]

Your savings are also guranteed (unless you've got more than ?50k) their ?5bn was not - they could have lost it all.

[Brendan]

Didn't we invent alcohol for this sort of thing?

[paragon]

This bonus thing really bugs me. The articles in the papers go on an on about the same thing. Ultimately if no bonuses were paid and the C-Suite were paid ?50k like everyone would seems to want our banks would implode on a much grander scale than has already happened.