Outlook Who profited from the Barclays scam? Lots of individuals who secured pay and bonuses on the back of a scheme that made the banks' balance sheets and their own performance look falsely superior. Briefly.
Proper entrepreneurs, good business people, make money only if what they work hard to create endures; if wealth is truly created. Bankers benefit quickly from plots that may later unravel.
The National Association of Pension Funds rightly says:
"This issue raises doubts about previous remuneration which need to be answered. Barclays should use its clawback rules to penalise those involved by recovering bonuses and pay."
We'd like a list of names too.Reuse content