Barclays boss axes high-paid bankers

Barclays’ boss Antony Jenkins today banished the ghost of Bob Diamond as he took an axe to highly-paid staff at the investment banking division built up by his predecessor.

Shares rose 7% as the bank said it was cutting 7,000 more jobs at the unit whose huge bonuses have fuelled public and shareholder anger – and signalled that the number of £1 million-plus bankers would fall.