Crisis? What crisis? Remember, Barclays was one of the largest recipients of loans from the Federal Reserve during the crisis. They obviously did a lot with the free money that they received courtesy of the US. Once again they are talking about lending to small businesses but that's what they were supposed to do when they were saved from ruin. Now that the immediate crisis has settled, they know that it's easier to make big money from gambling as opposed to business lending. Besides setting themselves up for the next crisis, very little has changed with the banks.
Barclays has revealed that Bob Diamond, its chief executive, and two of his top lieutenants received nearly £30 million ($48.6 million) in pay and bonuses for 2010 and another £77 million for past performance.
Amid a row over bankers’ pay in the UK, Barclays released a remuneration report on Monday that provided a glimpse into the pay packets of its most senior executives.
Some 231 senior employees – known as “code staff” – took home £554 million between them, an average of about £2.4 million per executive.
