New Barclays chairman concerned at pay policies

THE new chairman of Barclays has indicated his concern about some of the pay policies followed at the bank and signalled he would be happy for the giant to charge customers to use current accounts.

In an interview with a Sunday newspaper, Sir David said: "There are lots of [pay] arrangements undermining what you think would be good standards of culture."

Following widespread concern about the levels of pay at Barclays, Sir David said it was necessary to resolve remuneration issues swiftly.

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