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Is Barclays paying its bankers too much?

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A Barclays sign is seen outside a branch of Barclays bank, in central London in this file picture. REUTERS/Toby Melville  

Barclays top-two — Chief Executive John Varley and President Bob Diamond — declined their 2009 bonus for the second year in a row, although the bank is paying the 23,000 staff at its investment bank £191,000 per head on average. The bank had a record year, but said all bonuses to its Executive Committee would be deferred, as it reacts to widespread criticism on bankers’ pay.

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Send in questions for city minister Paul Myners

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BRITAIN-MYNERS/

City Minister Paul Myners is among a handful of people with first-hand experience managing the financial crisis over the past year.

On Dec. 16, at 9 a.m. British time, Myners will deliver a speech at an exclusive Thomson Reuters event in London on a proposal the government says will strengthen the City’s role as a global investment banking hub. He will also announce a series of policy measures designed to enable an effective resolution for failing firms.

What do you think of Osborne’s bank bonus proposal?

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BRITAIN-OSBORNE/Shadow Chancellor George Osborne says British retail banks should be stopped from paying big cash bonuses and use the money instead to support new lending.

“I am today calling on the Treasury and the FSA to combine forces and stop retail banks — in other words the banks that lend directly to business and families — paying out profits in significant cash bonuses,” Osborne said during a Reuters newsmaker event.

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