Barclays sparked outrage Wednesday as it was accused of trying to 'bury bad news' by revealing bonuses paid to executives on the same day as the UK Budget 2013.
The bank was due to announce details of multimillion-pound bonuses to top bosses including Chief Executive Antony Jenkins and the head of its investment bank Rich Ricci.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"They know everyone is going to be very busy, so releasing the information today is an interesting tactic," she was quoted by The Guardian as saying.
"There's no two ways of looking at it - they would have known the Budget is today."
It comes after the company posted a drop in annual pre-tax profits last month, following a string of scandals over LIBOR rigging and mis-seeling of payment protection insurance.
Barclays declined to comment.
-
Divorced? Simple rules to stop your ex claiming inheritance on your estateDivorces are back at pre-pandemic levels leaving lawyers urging separated couples to get their affairs watertight to avoid any nasty disputes after death
-
Is now a good time to invest in Europe?European stocks are undervalued, but experts believe that defence and infrastructure spending could see renewed growth
