Barclays to cut bonus payouts

Barclays is set to slash investment bankers' bonuses for 2012 in order to cut back total pay for the year by up to 20 per cent on average, Reuters reported Monday.

Barclays is set to slash investment bankers' bonuses for 2012 in order to cut back total pay for the year by up to 20 per cent on average, Reuters reported Monday.

The UK-based bank is finalising bonuses for last year as its new boss seeks to tackle high costs, sources told the news agency.

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