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Investment Banking

Barclays cuts analyst bonuses as dealmaking slows

Salaries have spiralled for analysts in investment banks over the past year, but tumbling fees are starting to hit bonuses

Analysts left disappointed after seeing a reduced variable compensation pool
Analysts left disappointed after seeing a reduced variable compensation pool Photo: Getty Images

Barclays has cut back on junior bonuses this year in a sign that a deal slump is set to hit pay for bankers.

The UK lender unveiled bonus numbers for its analysts this week, and has cut back on variable compensation, according to dealmakers and headhunters.

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