[Wolfie]

The shake-up comes amid growing investor disquiet about the bank’s decision to increase bonus payments by 10 per cent to a total of £2.4bn last year in spite of a one-third fall in its pre-tax profits.

Classic.

[Wolfie]

Antony Jenkins, chief executive, has attracted widespread criticism for the performance of the investment bank and for arguing that without the higher bonuses Barclays would face a “death spiral” of departing bankers.

Yep, wouldn't want to lose the brain trust that gave you a one-third drop in profits.