Barclays 'to pay staff £5bn'

Barclays is reportedly planning to pay its investment banks an estimated £5bn (€5.8bn) this year despite calls for restraint from Bank of England governor Mervyn King.

Some 24,100 staff at Barclays Capital, the bank’s investment arm, are in line to receive an average £210,000, the Sunday Times said, which would include all salaries, bonuses and other benefits.