The gender pay gap at Barclays widened in 2021, despite increasing the number of women in its senior ranks, as the UK lender increased bonuses for dealmakers and traders amid a surge in profit.

Women at Barclays Bank Plc in the UK, which houses its corporate and investment bank, had an average pay gap of 43.2% versus their male colleagues, it said in a report accompanying its annual results. This is up from 42.1% in 2020 and reflects a growing gap between men and women in bonus payments, which have swelled over the past 12 month as dealmaking has boomed.