12:13 PM EST, 12/18/2024 (MT Newswires) -- Barclays ( JJCTF ) is expected to boost annual bonuses by as much as 20%, following a strong year for its traders and investment bankers, Bloomberg reported Wednesday, citing people familiar with the matter.

A 5% to 10% increase in annual awards is expected for those in Barclays' ( JJCTF ) trading unit, while bonuses for bankers in debt and equity capital markets could rise by 10% to 20%, the report said.

Final decisions on the bonus pool are still being made, the report added.

A Barclays ( JJCTF ) spokeswoman declined to comment, according to the report.

Barclays ( JJCTF ) did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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