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Barclays boss Ricci sells his £17.8m share pot

BARCLAYS' investment banking chief Rich Ricci was handed a £17.8 million share award and immediately sold the lot after the bank, which has promised to reform under new-broom chief executive Antony Jenkins, gave top staff £40.3m of bonuses.

Mr Jenkins, who last month vowed there is "no going back to the old way of doing things", received £5.6m of shares and sold just under half of them.

The awards were largely related to a three-year long-term share incentive plan dating back to 2009.

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