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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/02/barcap-set-for-bigger-revenue-share.jpg"><img class="alignnone size-full" title="Chief executive Bob Diamond will say that bonuses will be subject to 'claw-back' in future" src="http://londonglossy.com/wp-content/uploads/2011/02/min-barcap-set-for-bigger-revenue-share.jpg" alt="Chief executive Bob Diamond will say that bonuses will be subject to 'claw-back' in future"/></a></p>
<p>Banking giant Barclays is this week expected to announce that it has handed an even bigger share of revenues to its investment bankers.</p>
<p>While individual bonuses at Barclays Capital may have been cut by as much as 10%, newspaper reports said the overall compensation pool covering pay and incentives will have risen to about 40% of BarCap revenues.</p>
<p>The Sunday Times said Barclays will say that it has reduced bonuses for British bankers in line with last week&#8217;s Project Merlin agreement, although overall pay has stayed high because salaries are not controlled by the deal.</p>
<p>It is also thought that measures used to account for deferred bonuses from 2009 and BarCap&#8217;s push into new areas of business will have inflated compensation.</p>
<p>Barclays will provide details of its pay and bonus figure alongside the bank&#8217;s full-year results, when pre-tax profits of £5.8 billion are expected.</p>
<p>Chief executive Bob Diamond will say that bonuses will be subject to &#8220;claw-back&#8221; in future if the bank&#8217;s capital reserves fall below a specified level.</p>
<p>He is said to be in line for a bonus of more than £9 million but details of Mr Diamond&#8217;s pay packet may not be disclosed until the company&#8217;s annual report is published next month.</p>
<p>Mr Diamond, who took over as chief executive in January, will use his first set of results as boss to update investors on a strategic review, with the bank expected to exit some of its international retail operations.</p>
<p>BarCap, the division formerly headed by Mr Diamond, is estimated to contribute towards 60% of the bank&#8217;s profits. But, as reflected in US banking results earlier this year, the sector suffered from weak activity in the final three months of last year.</p>
<p>Nomura analysts have forecast BarCap&#8217;s pre-tax profits will be around £4.3 billion, broadly flat on the previous year, compared with £805 million in UK retail banking, up on the £752 million in 2009.</p>
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