Barclays profit up to almost £3bn
- 00:00:44
- ITN
Barclays profit up to almost £3bn
Bankers' bonuses are coming under scrutiny as Barclays posts profits of £2.98 billion for the six months to June 30. The news gives Barclays a lift with executives in line for pay and bonuses reportedly worth an average of £250,000 for six months' work. The figures are likely to reignite debate over excessive payouts to City executives less than a year after several British banks were bailed out by taxpayers. HSBC is also expected to reveal a rise in profits today, although the bank is thought likely to have suffered huge bad debts at its US business.
ITN | August 3, 2009
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