Barclays bank to defend itself against 'banker bashing'

Britain's Barclays bank will reportedly attempt to defend itself against "banker bashing" by revealing it's cut pay and met targets for lending to businesses.

According to The Sunday Telegraph, the bank's set to announce plans to cut pay by as much as 30 per cent for 24-thousand staff at its Barclays Capital investment banking arm.

It will also reveal it's lent up to 14 per cent more to British businesses in 2011 than agreed in its Project Merlin negotiations with the Government.