Barclays Claws Back Pay

MARKETSUpdated February 27, 2013, 4:30 p.m. ET

LONDON—Barclays PLC has taken away around £300 million ($454 million) of deferred bonuses promised to staff to pay for an array of misdeeds that haunted the bank over the past year, a person briefed on the matter said Wednesday.

In 2012, Barclays was fined for attempting to rig interbank lending rates and is having to compensate customers who were wrongly ...

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